The Financial Services Authority is supporting proposals for automatic enrolment in company pension schemes, as long as it is consistent with consumer protection and staff can opt out. They added that they could see no obvious barriers in the FSA rules, that could get in the way of automatic enrolment in personal or stakeholder pensions, and are happy to consult on any changes in the rules that need to be made.
Our view
Great. Let's just go back to laws that we had in place in the 80's! They were fine then. Why did we have to change them in the first place. More red tape.
As predicted four years ago here on the site, it looks like we are now moving towards compulsory personal and stakeholder pension membership.
Learn more about pensions in our three websites in the Retirement Zone.