The Pensions Regulator should speak out against the "rubbish" 8% minimum auto-enrolment contribution, a consultant says.
Pension Capital Strategies managing director for investment advisory services Antony Osborn-Barker said the regulator has put up a "wall of silence" around the 8% contribution rate into NEST. And he said, as part of educating the population about saving enough for retirement, the regulator should criticise the contribution level as "inadequate". Osborn-Barker said the regulator had been active in attacking pension funds for over-aggressive assumptions in funding and pushed companies to put more in defined benefit plans. However, he said: "They [the regulator] have just not commente...
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