Once again, those holding lengthy meetings and internal consultations do not understand the real world. How do you ‘improve engagement’, in other words, encourage workers to pay more to and not opt out of workplace pensions? Make them cheaper and ‘more transparent’, of course. No. Those who opt out can’t actually afford to lose 5% of their pay; reducing the annual charge by 0.1% won’t change their minds. If you make things voluntary, not everyone will volunteer. You’ll either have to make them pay. Or pay it for them.
“Why you should never retire”
On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.