Investment

Minimum contributions under pension auto-enrolment should rise to 12% of eligible salary by 2020, according the Association of Consulting Actuaries (ACA).

The government could ease the transition to the flat rate state pension by paying out old state second pension entitlements as one-off sums in a ‘buyout' arrangement, according to a pensions consultant.

WHY WE DO IT

Despite constant tinkering with pensions legislation Neil MacGillivray believes there are still opportunities.

Ladbrokes has selected Legal and General (L&G) to provide its auto-enrolment scheme.

The Pensions Regulator (TPR) has begun auto-enrolment with just five staff members electing to opt out.

The government has set the earnings threshold at which workers are auto-enrolled at £9,440 for 2013/14.

Fears retiring baby boomers will monopolise resources and limit economic growth for future generations are "nothing to worry about", according to sociologist Frank Ferudi.

Lloyds Banking Group (LBG) has budgeted more than £1m in costs for implementing auto-enrolment to its 107,000-strong staff.

Employers need to be given a defined line between providing information and advice on pension arrangements, a select committee has been told.