The workplace industry is not in agreement over whether those automatically enrolled into a pension scheme should be given the option to temporarily pause their employee contributions during the cost-of-living crisis.
Industry respondents to a poll conducted by Professional Adviser's sister title Professional Pensions had a mixed response to the idea, with 43% in agreement with it and 51% disagreeing with it as an appropriate idea. Of the former group, one said people should be "given the option, but not encouraged". "Who knows how long this might last and while a six-month pause might do little damage to long-term pots, a six-year pause would." A different commentator said it was a good idea, but only "with suitable guidance" while another said it was only appropriate idea "for a limited period...
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