Market views: Auto-enrolement - a gateway to new business?

Steve Herbert, Jelf Employee Benefits I believe NEST and auto-enrolment will significantly widen the scope of benefits provision for employees. Traditionally, providing employee benefits in the UK has essentially been a choice made by the employer. Auto-enrolment changes this, with all eligible employees now having a legal right to a company pension contribution. This will drive change in three key areas of the group protection market. Firstly, many employers have often traded on their offering of a pension scheme, however basic, as a main recruitment and retention tool. Since pens...