Pension adviser labels auto-enrolment 'second mis-selling crisis'

David Pitt-Watson, senior adviser at Hermes Pension Management and adviser to Deloitte, (pictured), warned over a lack of restrictions on the quality of pension products provided for auto-enrolment. The government has said auto-enrolment reforms will put in place strict criteria which employer schemes must meet to qualify. But in a letter to the Telegraph today, Pitt-Watson claimed there will be no restrictions on how workplace pension savings are invested, or any record-keeping requirements on providers. He said restrictions on contributions into the National Employment Savings Tr...