Pensions minister Guy Opperman says the new master trust regulations are vital to protect the auto-enrolment pensions saving revolution
Auto-enrolment (AE) has sparked a savings revolution in this country. It has transformed the way people save for retirement and is also set to profoundly change the pensions landscape. There have been more than 9.8 million people enrolled to date, and huge sums of money saved by employees eligible for AE, with the pensions industry itself playing a crucial role in this success. According to the latest figures, more than nine out of 10 eligible jobholders automatically enrolled into an occupational defined contribution scheme were signed up to one run by a master trust. Master trust...
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