Hoban defends auto-enrolment after mis-selling claims

On 31 May, David Pitt-Watson, senior adviser at Hermes Pension Management claimed there were not enough restrictions over the quality of pensions provided for auto-enrolment. In a letter to the Telegraph, Pitt-Watson also said NEST's annual contribution cap of £4,200 will push savers into private schemes which charge too much for fund management. In a letter to the Public Bills Committee responding to the accusations, Hoban said the government, the Financial Services Authority (FSA) and the Pensions Regulator (TPR) have put in place substantial protection for pension members. "Trus...