Enhanced protection could be invalidated by auto-enrolment

The actuarial consultancy said draft regulations published by the department for work and pensions failed to clarify the issues facing those who have taken steps to protect their pension savings against "penal lifetime allowance charges". Director Alan Smith says: "Under the draft rules, employees would first be automatically enrolled into a scheme and only then would have the choice of opting out. But individuals who have registered for enhanced protection will lose this if they build up benefits in a new pension arrangement such as personal accounts. "The loss of enhanced protection c...