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

Jonathan Stapleton
clock

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...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

FCA outlines thinking on using pension pots for house deposits

FCA outlines thinking on using pension pots for house deposits

FCA CEO Nikhil Rathi ponders radical thinking on pension savings

Jonathan Stapleton
clock 02 April 2025 • 3 min read
IFS: Growing DC market needs reform to help savers manage risks

IFS: Growing DC market needs reform to help savers manage risks

Savers facing ‘stark’ challenges managing DC pots in retirement

Martin Richmond
clock 02 April 2025 • 6 min read
AJ Bell sells Platinum SIPP and SSAS business in £25m deal

AJ Bell sells Platinum SIPP and SSAS business in £25m deal

InvestAcc Group takes over £3.2bn book of business

Jenna Brown
clock 27 March 2025 • 1 min read