Lords tighten auto-enrolment requirements

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The Pensions Bill has moved to the House of Commons with one additional amendment: to strengthen the regulatory framework of the alternative certification model.

The government amendment, put forward by Lord Freud during the bill's third reading in the Lords yesterday, will affect employers seeking alternative certification that an existing occupational scheme meets auto-enrolment requirements. It requires them to show at least 90% of jobholders would receive the same level of contributions under the certification test as they would have received if their scheme had satisfied the relevant quality requirement. This is in contrast to the initial requirement which referred to "a majority of the individual relevant jobholders". The amendment al...

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