Pensions minister Steve Webb has reiterated his interest in providing guaranteed returns in defined contribution schemes to create of risk-sharing ‘defined ambition' vehicles, describing it as a "stunning sales pitch".
Small and medium sized employers may attempt to offload auto-enrolment set-up costs onto workers via consultancy charging if they are not properly scrutinised, the Pensions Regulator chief executive Bill Galvin says.
Helen Morrissey on the pension landscape today's toddlers can look forward to
Last week pensions minister Steve Webb announced the DWP is to launch a consultation on simplifying the rules around auto-enrolment.
State pension changes will work with automatic enrolment rules to ensure it actually 'pays to save' for retirement, the pensions minister has said.
State second pensions or state earnings-related pensions will not protected by the triple lock under the new single-tier system, pensions minister Steve Webb has confirmed.
Increasing contributions above the minimum level for auto-enrolment is not a priority at present, says pensions minster Steve Webb
The government has delayed plans to force schemes to equalise guaranteed minimum pensions until Spring 2014, pensions minister Steve Webb told lawyers last week.
The government has confirmed it will consult on proposals to make the process of automatic enrolment simpler.