Momentum grows for mandatory pension scheme

Momentum grows for mandatory pension scheme
Ministers have been told to press ahead with an automatic pension system Picture:iStock

The “auto-enrolment” system would sign up workers automatically to a pension

Ministers have been told there is a growing consensus to press ahead with an automatic pension system for the 50 per cent of the population without cover.

The “auto-enrolment” system would sign up workers automatically to a pension once they took up employment, although they would have the choice to opt out afterwards.

An expert group set up by the government told ministers last week that there are still significant differences among workers, employers and consumer...

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