Webb to clamp down on 'dodgy' AE schemes

Speaking at the Tax Incentivised Savings Association (TISA) conference, Webb said he has been repeatedly asked about provision for savers who may move firms, and see their assets transferred from a "good" to a "bad" scheme under auto-enrolment and the pot-follows-member invitiative. "You might say, people can opt out," he said. "But of course, my assumption would be the average pension scheme member would not know what a good pension was if it hit them in the face. "The more you think about it, transferring pots from good schemes to dodgy schemes implies there are dodgy schemes out th...