Webb says NEST could go ahead untouched following independent review.
On the 10th anniversary of the introduction of responsible investment disclosure rules, JONATHAN STAPLETON assesses how they have changed scheme behaviour and what the future holds
The coalition government will push ahead with NEST if the independent review panel decides the current structure is fit for purpose as well as tackle GMP equalisation and introduce a new Pensions Act, pension minister Steve Webb says.
The summer review of NEST could see the introduction of a minimum number of employees needed to trigger auto-enrolment, Hewitt Associates says.
The government has announced it will undertake an independent review of auto-enrolment.
The collective intake of breath has been almost audible as the pain of public sector belt tightening begins to seep through the economy. Some £6.25bn of initial cuts - £500m of which was reinvested - have been swiftly followed by £2bn in project cancellations....
Straight-through processing should be made the industry standard for defined contribution investment transactions, Fidelity says.
A group of consumers has warned the department for work and pensions a "too broad" review of the 2012 reforms would compromise the "hard-won consensus" on auto-enrolment.
The industry has unanimously backed George Osborne's emergency Budget promise to investigate alternatives to the introduction of pension tax relief restrictions for high earners.
Legacy Labour proposals for auto-enrolment and NEST will be stripped bare to determine potential cost savings, Lord Freud says.