Auto-enrolment and default funds

Reporter: Amanda Newman Smith

Publication: Money Marketing


Deadline: May 17, 2017 9:00 am

I’m looking for comment by email or phone on whether we need to encourage auto-enrolled workers out of default funds? Is the auto-enrolment review too focused on contributions and not enough on fund choice? What should the Government, pension industry and employers be doing to encourage more people to make active fund choices so they potentially have more money in retirement? Do we need to let auto-enrolment bed in a bit more and get the contribution levels up to scratch before we start getting people to worry about where it’s invested? Or could making the most out of current contribution levels actually help pave the way for contribution increases once people see the benefits of saving in the right fund for them?

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