Proposals to let employees choose where their company pensions are held will reportedly be discussed by the government and representatives from major pension providers.
According to the Daily Telegraph, pensions and financial inclusion minister Guy Opperman (pictured) will attend a meeting organised by representatives from major firms to discuss whether savers should be able to pick their own pension provider. More than nine million employees are currently saving into their pensions as a result of automatic enrolment (AE). Because they are automatically enrolled, however, the majority end up in a pre-arranged scheme chosen by an employer and a pension provider. Each time an employee changes work they are enrolled into a new pension. This has led the ...
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