Tax breaks on pensions will be under threat if the new national pension scheme fails to take off, a leading actuary has warned.

Over the next few years every employee in the country will be automatically enrolled in a company pension scheme. But if too many exercise their right to opt out, the Government will be forced to consider compulsory membership – and then there will be no need for tax breaks to encourage saving into a pension. The Government will review the position in 2017. "If opt-out rates are 50pc or more, it is possible the Government will suggest removing the opt-out altogether and make pension saving mandatory," Paul Gilbody of BlackRock Investment Management said in a report last month....Read more here

Pension charges may rise as watchdog pushes firms to hold more cash - allaboutFORUMS

Auto-enrolment pensions: 37% of employees plan to opt out - allaboutFORUMS