Govt warned employers will 'level down'

Following the publication of a research report by the National Association of Pension Funds (NAPF): Quantity V Quantity – auto-enrolment and levelling down: the evidence, the organisation warned while auto-enrolment is effective, it will also cause employers higher costs. NAPF says the report uses evidence from a number of sources relating to the impact of auto-enrolment and how employers might respond to its introduction in 2012 as part of the personal accounts system. While research on current schemes show introducing auto-enrolment can improve take-up between 20% and 50%, NAPF says les...