Learning from how others see us This article was originally commissioned for the October 2018 edition of the Investment Life & Pensions Moneyfacts Magazine. Tom Murray considers why the Government should examine the external view of auto-enrolment before considering the best way to raise contribution levels. It is now six years since the introduction of auto-enrolment into the UK and there have been a number of reports assessing the impact of the project on the level of pension savings in the UK. On the whole, these have been primarily positive, with a large increase in the number of people saving and a lower level of opting out than was previously expected.
One of the problems with QUANGOs is that their autonomy makes it difficult to control their costs. The nature of the beast makes it difficult for politicians, who set them up in the first place, to step in and ensure that controls are in place to avoid exploitation of their protected status.