Govt rejects call to set AE contribution increase timetable

Government makes series of rejections to WPC report

Holly Roach
clock • 3 min read

The government has rejected a number of proposals put forward by the Work and Pensions Committee (WPC) which looked at the impact of pensions freedom and how best to protect savers.

In response to the committee's Protecting pension savers - five years on from pension freedoms report, the government rejected calls to set out a timetable to increase pension contributions for workers automatically enrolled into workplace pensions. While the government said it was committed to implementing the 2017 auto-enrolment (AE) review, it refused to set out a specific timetable. The 2017 review proposed scrapping the lower earnings limit against which minimum contributions are measured and extending the reforms to those aged 18 and over. The government said it is "focused o...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Crucial advice issue: Death benefits detail advisers need to know

Crucial advice issue: Death benefits detail advisers need to know

Important differences from previous regime

Andrew Tully
clock 05 April 2024 • 4 min read
British Steel a stark reminder of obligations around client files

British Steel a stark reminder of obligations around client files

Lawyer Philippa Hann reflects on her work around the pensions case

Hope Coumbe
clock 27 March 2024 • 2 min read
SSAS and the general levy: A victory for common sense

SSAS and the general levy: A victory for common sense

The value of SSASs after general levy consultation outcome

Caitlin Southall
clock 26 March 2024 • 5 min read