Home secretary Sajid Javid has called for auto-enrolment (AE) to be scrapped as part of a "shock and awe strategy" should the UK fail to reach a Brexit deal, according to reports.
This was one of Javid's "huge shopping list of policies" proposed at a cabinet crisis summit last Thursday (13 September), The Times reported. The proposal was aimed at easing business activity in the event of a no-deal Brexit scenario. The meeting, convened by prime minister Theresa May, was held to work on contingency plans for exiting the European Union without an agreement - in which both sides hope to have agreed an outline of future relations by 18 October. Scrapping the initiative - which has brought nearly 10 million people into workplace pensions - would stop AE from reaching...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes