TISA to debate making auto-enrolment work
Following the Government’s decision to go ahead with the introduction of automatic enrolment into workplace pensions TISA is to hold a seminar to identify how this system can best operate in practice.
The seminar will take place on November 30, in London where leading industry experts will discuss the practical implications of auto-enrolment as well as the role of the regulator, how commercial providers can benefit from the market expansion, employer and trade union views and the role that NEST will play.
Malcolm Small TISA Director of Policy will chair the seminar and says:
“The Government’s workplace pension reforms will reshape the retirement savings market bringing millions of new scheme members into pension saving.
“The reforms make common sense, in particular the three month ‘waiting period’ before auto-enrolment takes place which will ease the burden on employers and give employees the time to make informed decisions. However there are still huge challenges, for example regulating the 800,000 micro businesses who I suspect will have a strong propensity to opt out now that the decision has been made to auto-enrol all employees, irrespective of employer size.
“As an industry we need to be facing up to these challenges and the opportunities that auto-enrolment offer. TISA is experienced in bringing the industry together to debate the issues and to develop solutions and this seminar is an important step in that process.”
Industry experts participating in the seminar include:
• Abigail Morris, Policy Adviser, British Chamber of Commerce
• Nigel Stanley, Head of Campaigns and Communications, TUC
• Joanna Hancock, Design & Delivery Lead for the Employer Compliance Programme, The Pensions Regulator
• Paul Gilbody, Assistant Director of Market & Member Engagement, NEST
• Edmund Downes, Pensions Marketing Manager, Aviva
• Adrian Boulding, Pensions Strategy Director, L&G
The Seminar will take place on November 30, commencing 13.00 (until 17.00) at the London Capital Club, 15 Abchurch Lane, London EC4N 7BW. Delegate fees are £160 for TISA members (£250 non members). Further details are available at www.tisa.uk.com or by calling 01642 666999.
Ends……
For further information, please contact:Malcolm Small, Director of Policy, Mobile: 07989 500771 Email:malcolm.small@tisa.uk.com
To reserve a media pass to attend the event please contact Steve Radford – Tel: 020 3178 7238, Mobile: 07889 903786. Email: steve.radford@cauldron-consulting.com
Notes for Editors
The Tax Incentivised Savings Association (TISA)
TISA is the premier industry funded body in the UK retail savings and investment industry. By engaging with member firms, government, political parties, regulators and consumer groups TISA’s ultimate goal is always to further consumers’ best interests. It seeks to improve the range, features and quality of savings and investment schemes available whilst encouraging more people to save for their financial security and peace of mind. Uniquely, TISA is able to articulate the opinions of the whole savings and investments marketplace through its membership comprising over 120 member firms involved in the supply or distribution of products. TISA’s remit extends across the broad spectrum of government sponsored savings and investment vehicles.