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MPs launch auto-enrolment probe


Parliament’s public spending watchdog the Public Accounts Committee has launched an investigation into the impact of auto-enrolment.

The committee will investigate the risks to smaller employers of the further rollout of auto-enrolment, as well as questioning how the Department for Work and Pensions will ensure that auto-enrolment will lead to higher retirement incomes.

The full terms of reference for the Public Accounts Committee probe have yet to be published.

Announcing the inquity, the committee noted the Department for Work and Pensions, The Pensions Regulator and Nest have work so far worked together “successfully” on rolling out auto-enrolment for large and medium sized employers.

The investigation will be based on a recent report by the National Audit Office, which found that while auto-enrolment had so far delivered value for money, the inclusion of smaller employers is likely to increase challenges.

The NAO said: “In the longer term, the Department will need to ensure that more widespread enrolment translates into higher retirement incomes as it tackles remaining questions about the
design of auto-enrolment, wider reforms and market development.

The committee will hold an oral evidence session on 23 November.

It comes after the committee accused HM Revenue & Customs of failing taxpayers through poor customer service and inadequate action on tax evasion.

The new probe will follow a report from the Work and Pensions select committee, which called on the Government to publish more information on the performance of its services in the aftermath of the freedoms.



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There are 2 comments at the moment, we would love to hear your opinion too.

  1. Auto enrolment may have the desired effect of increasing savings, but Pensions Freedom may result in those savings being spent at the first opportunity, defeating the objective of raising retirement income levels.

    Listening to Steve Webb that is not a concern as the Flat Rate State Pension is supposed to be a solid income base, after that you can do what you want with your own money. This appears to be at odds with the DWP who think auto enrolment will lead to higher retirement incomes. We shall see.

  2. Ah yes, the good old ways of putting things in place first and then assessing the risks after the event. Good job advisers don’t work in this way.

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