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Alliance Trust Savings has appointed Patrick Mill as its new managing director with immediate effect.

Thousands of employees will be enrolled into a company pension scheme today, many for the first time, at the start of auto-enrolment.

The Department for Work and Pensions (DWP) says more than 500,000 people are expected to saving in a workplace pension through auto-enrolment for the first time by Christmas.

Aviva, new sponsor of the Institute of Financial Planning, has unveiled its auto-enrolment solution ahead of the launch next week.

The amount of money being saved into defined contribution (DC) pension schemes has increased, according to the Office for National Statistics.

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