Pension opt-out change sparks whistle-blowing fears

The firm says the move could engender a regime that relies on whistle-blowing which could still lead to many low-paid workers losing out because they may be unaware of their rights. However, Scottish Widows says it does welcome action to ensure employers do not try to avoid their responsibilities. Yesterday Pensions Minister Mike O’Brien said the current Pensions Bill may be changed to prohibit employers from offering inducements - such as higher salaries or one-off bonuses – encouraging workers to opt out of their schemes. Ian Naismith, head of pensions market development at Scottish Wi...