Smith outlines DWP plans for compulsion

In its publication entitled Simplicity,security, and choice: informed choices for working and saving, Andrew Smith, secretary of state for work and pensions, says the government is now looking at three options on compulsion: automatic enrolment in occupational schemes, but retaining the option to opt-out, committing employees to save more of their future earnings, or, requiring employees to decide whether to join occupational schemes. These moves would be matched by the introduction of an "online retirement planner" enabling people to obtain an overall picture of pensions benefits de...