Aviva predicts high rate of auto-enrolment opt outs

Wednesday, 8 February 2012

A high rate of auto-enrolment opt outs are expected, research shows, suggesting that more may need to be done to promote the

aviva predicts high rate of auto enrolment opt outs

employee benefit.

Four-fifths of corporate financial advisers anticipate a minimum of 30 per cent of people to opt out of auto-enrolment, while only two per cent expect a take-up of 100 per cent, according to a study by Aviva.

Aviva's director of workplace savings Paul Goodwin, said: "Our work with our customers and advisers indicates that there is already a lot of consideration being given to planning for auto-enrolment but, at the same time, more thought still needs to be given to how we engage with employees."

Auto-enrolment will be rolled out from October.

Aviva's research comes after a representative from Pinsent Masons advised firms to assess their employee pension plans before auto-enrolment begins.

Robin Ellison from the organisation stated that many employers are not properly prepared for the change. ADNFCR-1706-ID-801286850-ADNFCR