TPR sets auto-enrolment example with just five opt-outs

IFAonline's sister title PP can reveal that on the regulator's staging date on 1 October there were 336 workers already in a workplace pension scheme, amounting to more than 90% of workers. The regulator's 21 eligible jobholders were automatically enrolled and five elected to opt out during the opt-out window. This left TPR with less than 2% of employees not in its pension scheme as of November. TPR executive director for employer compliance Charles Counsell (pictured) said the increase in take-up was proof auto-enrolment can boost retirement saving. He said: "It is great that such...