Automatic Enrolment: Costs rise for employers

Automatic Enrolment: Costs rise for employersA couple of weeks ago, we predicted that costs would rise for employers, after the Government introduced a charge cap on pensions used for Automatic Enrolment. This week we can report our prediction has come true. Earlier last month, Pensions Minister Steve Webb, announced that the maximum charge on a default pension fund, used for Automatic Enrolment purposes, would be capped at 0.75% from April 2015....

Retirement: Shopping around for an Annuity to become compulsory?

iStock_000015475220XSmallAn amendment to the Pensions Bill, could force every member automatically enrolled into a pension, to shop around for their Annuity when they retire. Over the next three years, every worker in the UK aged over 22 and earning more than £9,440 per year will be automatically enrolled into a pension, to which they and their employer must contribute. However, there has been criticism that too much focus has been on accumulating a pension fund and too little on the options at retirement. ...