Pension experts attack 'deceptive' auto-enrolment policy

Speaking during the Pension Prophets panel at Pensions and Benefits UK 2016 on 28 June, they warned the policy was likely to disappoint auto-enrolled savers. Independent Trustee Services Limited director Peter Askins said auto-enrolment was a "policy too far". He told delegates: "Auto-enrolment can never be meaningful. Whether it is 1%, 2% or 3%, it [the contribution] is never a meaningful amount. 8% is not a meaningful amount. "I think it's cruel and a deception to say to people they are going to get a pension from auto-enrolment over the next ten years. No, they're not; they're g...