Ros Altmann: Govt handing industry 'millions of customers on a plate'

No plans to raise minimum contributions

The government is handing the pensions industry "millions of customers on a plate" through auto-enrolment and it is up to providers to keep them happy, the pensions minister has said.

Speaking at an International Longevity Centre-UK conference, Ros Altmann said it was up to providers to make sure auto-enrolled savers continued to save and increased contributions. But she added that...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Rachel Vahey: "In introducing this the Department for Work and Pensions has had to walk a fine line. The regulations have to be flexible enough to allow the ‘good transfers' to go ahead; they cannot risk bringing the transfer market to a standstill."

Rachel Vahey: Walking a fine line on DB transfer restrictions

In force from 30 November

Rachel Vahey
clock 02 December 2021 • 3 min read
Richard Jones: Helping clients with small DB schemes face ESG challenge

Richard Jones: Helping clients with small DB schemes face ESG challenge

ESG policy ramping up

Richard Jones
clock 02 December 2021 • 3 min read
Clara chief executive Adam Saron.

Clara becomes first DB superfund to get approval

18 months after interim regime launched

James Phillips
clock 30 November 2021 • 2 min read