The Pensions Regulator tackles 50% surge in rule breaches

The Pensions Regulator (TPR) has reported a 50% surge in its use of enforcement powers during the final quarter of 2020.

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Fifth of UK workers still unaware of auto-enrolment

Figures from the Office of National Statistics showed that 19% of UK workers are unaware of auto-enrolment into a workplace pension scheme.

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Auto-enrolment opt out rate rises to 9%

The percentage of Nest’s 9m pension savers opting out of auto enrolment has increased from 6% to 9% following the second increase in minimum auto enrolment contributions.

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Aegon welcomes ‘back-door’ auto-enrolment boost

 

Aegon has welcomed a move to freeze the auto-enrolment annual earnings trigger at £10,000, a step that will mean an additional 80,000 eligible employees will likely start saving for retirement.

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