Cost of auto-enrolment has not been calculated

Speaking at the Chatham House conference ‘European Pensions 2006: Redistributing the risk- public and private approaches to retirement provision’, Dr Michael Wolgast, chief economist and head of the economics department at the German Insurance Association (GDV), says auto-enrolment is not something which could play a part in German pension reforms. He says the cost of introducing auto enrolment on a national scale would be prohibitive as there would not only be a large amount of legislation to make it possible, there would also need to be someone to regulate and monitor the effect of auto...