With the government's review of workplace pension reform, including auto-enrolment and NEST, due to report back within weeks, speculation is rife on what shape the Coalition's solution to the UK's retirement savings gap will take.
There have already been rumours that by the time auto-enrolment does reach the implementation stage in October 2012, original proposals for the scheme may be toned down. The Coalition's focus on austerity measures leaves a shadow of doubt over Labour's generous plans to provide a convenient retirement savings vehicle for all. So what would a scaled-back NEST look like? Steve Bee of Paradigm Pensions warns a cut-back of auto-enrolment would be truly disastrous. "A restriction to the scope of auto-enrolment to exclude smaller employers would make the erroneous assumption that those b...
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