Offering a default option for defined contribution automatic enrolment pension schemes – consultation on draft guidance

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Tue, 14/12/2010 - 9:57am

kevin

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Joined: 09/03/2009

This consultation document seeks views on guidance for offering a default option for defined contribution automatic enrolment pension schemes.

Automatic enrolment will see millions of individuals newly saving for retirement. It is likely that many of these individuals will not make an active investment choice. For this reason the Government has developed guidance to provide helpful information on the design, governance, communication and review of default options.

The intention is that the guidance will be published in spring 2011.

Who this consultation is aimed at

The consultation is primarily aimed at employers, employee representatives and pension industry professionals, but we would be interested in views from any source.

The consultation

Offering a default option for defined contribution automatic enrolment pension schemes – public consultation (158KB)

How to respond to this consultation

Start date 13 December 2010
End date 7 March 2011

Please send your responses, preferably by email to –

default.guidanceconsultation@dwp.gsi.gov.uk

Adam Harper
Department for Work and Pensions
Enabling Retirement Savings Programme
7th Floor
Caxton House
Tothill Street
London
SW1H 9NA

Please ensure your response reaches us by 7 March 2011.

http://www.dwp.gov.uk/consultations/2010/dc-default-option-consult.shtml

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Offering a default option for defined contribution automatic enrolment pension schemes – consultation on draft guidance

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