ABI warns of auto-enrolment issues for GPPs

Speaking at a Work & Pensions Select Committee hearing on personal accounts yesterday, Stephen Haddrill, director general of the Association of British Insurers (ABI) and Richard Saunders, chief executive of the Investment Management Association (IMA), both highlighted the problems which could affect GPPs. Haddrill points out the distance marketing directive is of particular concern as it effectively stops employers automatically enrolling people into occupational pension schemes. He says the suggestions put forward by the Department for Work and Pensions (DWP) - employers might either ...