The move is understood to be part of Darling’s plans to cut public spending, and it is thought the measure would save the Government between £1bn and £2bn in tax relief on the contributions.
Darling is expected to say the Government still intends to proceed with the scheme one year later.
This is the second delay to the scheme in just over three months. Money Marketing revealed in September the timescale for the implementation of auto-enrolment would be extended to three years instead of the 18 months originally agreed.
As a result of the earlier changes, auto-enrolment of all employees and full employer contributions into personal accounts would not be achieved until October 2016.
The Department for Work and Pensions was also set to push back by a year the deadline for employers to reach the full 3 per cent contribution on banded earnings from October 2015 to October 2016.
An Association of British Insurers spokesman says: “We would be extremely disappointed if this happens. We need to get a move on to improve pension provision and help people save for retirement. This sends out all the wrong messages. It would be a disasterous move.”
A Personal Accounts Delivery Authority spokeswoman refused to comment on speculation.