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

Govt ignores pension tax lock call as petition responses top 18,500

Govt ignores pension tax lock call as petition responses top 18,500

AJ Bell started petition; Govt forced to respond after 10,000 signatures

Jenna Brown
clock 23 October 2025 • 2 min read
How SIPPs and SSASs could help power the UK's energy goals

How SIPPs and SSASs could help power the UK's energy goals

'The role of pensions in supporting renewable energy deserves further consideration'

Caitlin Southall
clock 23 October 2025 • 4 min read
IHT on pensions: A moment in time for the profession to shine

IHT on pensions: A moment in time for the profession to shine

'Bringing pensions into the IHT net marks a structural change in how wealth is transferred'

Andrew Zanelli
clock 21 October 2025 • 4 min read