Automatic for the people

Automatic enrolment is the cornerstone of the pension reform changes being introduced from 2012. The Government's consultation on how auto-enrolment will work in practice has just closed, and it is worth considering this from an employer's perspective. I am a supporter of automatic enrolment as it will help improve the savings habit in the UK. However, by going down the route of auto-enrolment rather than compulsion, a significant number of people will choose not to save in a pension. While we should encourage the majority of people to save, those who insist they want to opt-out shoul...