A potential need to limit auto-enrolment

The government hasn’t spent the last couple of months standing on the sidelines patiently waiting for responses to start flooding in. Instead, it has been fairly visible pushing its main messages – especially on the subject of ‘incentives to save’. In plain English, ‘incentives to save’ means to what extent will means-testing erode the savings built up from personal accounts, and should we be letting people auto-enrol if they will eventually ‘lose out’? There is no doubt this is the government’s biggest headache on personal accounts. If they lose the ‘auto-enrolment argument’ they lose on...