Government needs to explain auto-enrolment to workers, says industry expert

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Auto-Enrolment Berita

Pension,Work

Absence of ‘public awareness’ programme outlining benefits of mandatory workplace pensions could derail scheme

Four out of five people expected to be affected by auto-enrolment are unaware of the Government's plans for a mandatory workplace pension. Photograph: iStock

Lifetime community rating was a change to long-established rules for private health insurance. It introduced a premium charge for people who only signed up for private health cover later in life, putting pressure on providers who charge all members the same amount regardless of age or medical risk profile.

“The success of these programmes relies heavily on public awareness, administrative efficiency and the perceived value of early participation,” he said. “The public awareness campaign for lifetime community rating was initiated 12 months before the deadline. With less than a year to go before the planned auto-enrolment start date, no such campaign has been undertaken.”

 

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