Insurers split on AE opt-out contribution responsibility

Contributions are deducted as soon as an employee becomes eligible for auto-enrolment, at the beginning of their 30-day opt-out period. While some insurers will take this contribution immediately, others refuse to hold the money until the employee has not opted out. Legal & General pensions strategy director Adrian Boulding said his firm will provide an option to hold the money, but will discourage it. "We do offer a choice but recommend that the employer route is the best option," said Boulding. "In most cases employers are choosing to hold on to the first month's contributions fr...