L&G: Third of workers will opt out of auto-enrolment

A survey of 107 people who will qualify for auto-enrolment into their employers' pension schemes suggests 33% will opt out. Just under a quarter of respondents said they did yet know what they will do when auto-enrolment becomes law, whilst 46% said they would opt in to pension schemes. Earlier research by the insurer reveals attitudes towards auto-enrolment and pensions have changed little, L&G said. In 2007 the government announced its plans to create personal accounts, which later developed into NEST pensions. L&G surveyed 432 people eligible for personal accounts in 2007, an...