Scottish Life 'could exit' AE market as capacity crunch hits

Speaking at the Personal Finance Society (PFS) conference, Jamie Clark said a substantial amount of employers who leave compliance too late will end up in mass-market schemes. He said many were reluctant to get the ball rolling on auto-enrolment and the capacity crunch - where providers will be too busy to take on more business - would result in business going to NEST and its rivals the Peoples Pension and NOW: Pensions. NEST is the only scheme with a legal responsibility not to turn away business. Clark said: "We are not a charity. We are under no obligation to help the government...