Employer schemes largely exempt from personal accounts

However, the government says it still needs further guidance as to how it can extend this exemption to stakeholder and group personal pension schemes as European law prohibits automatic enrolment into these types of schemes. Chapter 6 the latest Pensions White Paper - Personal accounts: a new way to save – reveals a ‘light-touch’ regulatory and self-certifying scheme is being introduced which exempts employers from the need to auto-enrol its members into the NPSS as long as they automatically enrol their staff into the company scheme. A key element of the process which requires further ...