Pensions 'auto-enrolment' may defy EU rules

Speaking at the Association of British Insurers' Savers Summit 2004 conference earlier this week, Johnson said auto-enrolment of employees into their pension scheme, unless they chose to ‘opt out’ was now going to be Government policy, in part because the pensions credit created a disincentive to save and take-up of occupational scheme membership had been slower than expected. However, Tom McPhail, head of pensions research at Hargreaves Lansdown says Johnson's proposition is no longer possible for GPPs and group stakeholder arrangements. From the beginning of November, the EU Distance...