The timeline for implementing DWP proposals under the 2017 automatic enrolment (AE) review is "shockingly lethargic", Royal London director of policy Steve Webb has said.
"There are some great ideas in this review, including starting pension saving at age 18 and making sure every pound you earn is pensionable," said Webb (pictured), in reaction to Department for Work and Pensions (DWP) proposals announced ahead of the 2017 auto-enrolment review, to be published today. "But the proposed pace of change is shockingly lethargic," he added. "Talking about having reforms in place by the mid-2020s risks leaving a whole generation of workers behind." AE review calls for lower earnings limit to be scrapped Those who never got to join a final salary pension o...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
