Employers should get choice on auto-enrolment

In its response to the pensions white paper: ‘Personal accounts: a new way to save’, L&G says giving employers an alternative to auto-enrolment will help stop the 'levelling-down' of good existing pension provision. The paper points out companies should be given the choice of either implementing auto-enrolment along the guidelines in the white paper, or they must confirm their scheme “meets or exceeds the level of membership take up” achieved by the new system of personal accounts. However, it admits as this figure would be calculated and published on a periodic basis by the Personal Ac...