Bosses could face penalties for 'poor' AE pension schemes

Speaking at a TUC conference, Webb said the DWP is concerned auto-enrolment legislation does not provide minimum standards for schemes beyond contribution levels. "I still find it amazing that, when the legislations went through in the last Parliament for auto-enrolment, there was almost no quality standard. There is a contribution rule, but into what?" Webb said. "At the moment we do not have a problem because the largest employers can command very effective offers, but what happens when we get further down the market? How can we be certain that employers are choosing the best scheme...