Auto-enrolment to apply now?

Speaking at a seminar on the white paper hosted by the National Association of Pension Funds (NAPF), James Purnell, Minister for Pensions Reform, says employers have a crucial part to play now. He points out around 4.5 million people work for employers which run pension schemes and yet do not save in them, and as a result the government is “keen to work with employers” to see if auto-enrolment could encourage people to start saving now. Purnell says encouraging saving is the “lodestar of our reforms”, with the aim of tackling undersaving and creating an environment where individuals tak...