Offering a default option for defined contribution automatic enrolment pension schemes – consultation on draft guidance
This consultation document sought views on guidance for offering a default option for defined contribution automatic enrolment pension schemes.
Automatic enrolment will see millions of individuals newly saving for retirement. It is likely that many of these individuals will not make an active investment choice. For this reason the Government has developed guidance to provide helpful information on the design, governance, communication and review of default options.
The intention was that the guidance would be published in spring 2011.
Who this consultation was aimed at
The consultation was primarily aimed at employers, employee representatives and pension industry professionals, but we were interested in views from any source.
Government response
On 24 May 2011, the Government published its response to this consultation.
We have also produced guidance sets out our expectations on how default options for defined contribution automatic enrolment pension schemes should be designed, governed, communicated and reviewed.
- Guidance for offering a default option for defined contribution automatic enrolment pension schemes (134KB)
The consultation
How to respond to this consultation
Start date 13 December 2010
End date 7 March 2011
Please send your responses, preferably by email to –
Adam Harper
Department for Work and Pensions
Enabling Retirement Savings Programme
7th Floor
Caxton House
Tothill Street
London
SW1H 9NA
More information
You can get more information about this consultation using the How to respond contact details above.
Our How we consult page has more information about the code of practice we follow and explains how we deal with responses.
