Is auto-enrolment the success story we think it is?

On the face of it auto-enrolment looks like a storming success. The combined forces of the Department of Work & Pensions (DWP), The Pensions Regulator (TPR) and many pension providers and advisers have worked together in a highly effective manner to roll out auto-enrolment to large and medium-sized employers. By March 2015, according to the TPR's numbers, some 5.2 million workers were auto-enrolled. A total of 141,000 employers are going through their staging dates during this financial year to March 2016. Opt-out rates have been much lower than originally anticipated at about 10%....