Standard Life reports 12% AE opt-out rate

The insurer, which offers both a master trust and group personal pension (GPP), has enrolled a number of large employers, including building material supplier Travis Perkins. Standard Life workplace propositions director Graeme Bold said the company's experience is similar to that seen elsewhere in the industry. He said: "There's an opt-out rate of around 12% in our schemes at the moment. It does vary by scheme, based on a number of different factors, which is important to consider. "If you've got an existing scheme with a high level of participation across the scheme, you can see ...