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Life changes affect pensions “opt-out” decision

Jackal’s Simon Kew was recently asked for his thoughts on a prediction by an industry body that up to a third of staff may opt out of auto-enrolment schemes.

Speaking to the Financial Times, Simon suggested that a report report by National Association of Pension Funds (NAPF) suggesting high opt-out rates for new auto-enrolment pensions could be caused by changes in employee lifestyles.

“Those returning from maternity leave or career breaks will no doubt have additional drains on their finances, so will pull out”

The full article can be read here (registration required).

Category : Employer Covenant,Savants in the News,Uncategorised — admin @ 2:59 pm September 17, 2012

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