Pensions opt-outs to be re-enrolled every three years

Jonathan Stapleton
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There will be an ongoing process of automatic re-enrolment into personal accounts, pensions minister Angela Eagle says.

Speaking at a Social Market Foundation fringe meeting - Rethinking Pensions: A new settlement for a new economic era?, held in Brighton on Sunday - Eagle said people would be thrown back into the scheme every three years in order to make sure as many people as possible were saving for their retirement. But she told IFAonline's sister publication, Professional Pensions, such a move was not the first step towards compulsion - saying "if parliament had wanted compulsion, parliament would have voted for compulsion". The meeting - which was led by SMF chairman Lord Lipsey - also included M...

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