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Autoenrolment

Displaying items by tag: Autoenrolment

Wednesday, 30 September 2015 10:36

5m now in auto-enrolment pensions; opt-outs low

Auto-enrolment is celebrating its three year anniversary tomorrow (1 Oct) with 5m workers now enrolled and opt-out rates below expectations.
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Thursday, 10 September 2015 11:14

Workplace pension saving is surging, report finds

Employer contributions are crucial to boosting pension savings for over half (54%) of those enrolled in a defined contribution pension scheme in the UK, new research has revealed.
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Fines worth just under £170,000 were handed out to firms for auto-enrolment failings in the 12 months from April 2014.
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The FCA has published final rules this morning on implementing a charge cap on default funds for automatic enrolment.
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Financial advisers and intermediaries could see a surge in demand for help with auto enrolment in the next year, as research found three quarters of small and micro employers looking for support.
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The Pensions Minister is set to be grilled by MPs in Parliament on Monday as part of an ongoing inquiry into the progress made with automatic enrolment.
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A pensions firm which has recently warned about that retirees face a major financial shortfall has welcomed research finding a healthy attitude among 18-24 year olds towards savings.
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A financial and technology services firm claims it can "change the face of auto-enrolment" with its new proposition.
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Nearly 300,000 small employers will shun advice when choosing a pension scheme to comply with auto-enrolment.

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A review on whether the link between the auto enrolment earnings trigger and income tax should be axed next year moves closer to a conclusion next week.

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