Employers give green light to automatic enrolment

The survey of 2,500 private sector employers reveals 60% are in favour of automatic enrolment as a way of encouraging saving for retirement, helping overcome inertia and increasing the take-up of pensions. A majority (57%) believe a minimum employer contribution is a good idea, with 65% saying the proposed level of 3% is about right or too little and 27% saying it is too much. In addition, 73% of employers said a minimum employee contribution is a good idea with 74% saying the proposed level of 4% is about right or too little. When employers were asked how they might respond to an inc...