Pensions - Articles - NEST response to AVIVA report

 Responding to Aviva's Working Lives report, NEST chief executive, Tim Jones, said:

 ‘There is no doubt that times are tough for many people, and overcoming concerns around affordability will be key to the success of automatic enrolment. It's important though that we keep sight of the fact that automatic enrolment is popular with workers; as NEST Insight reported two-thirds of people who are currently unpensioned and likely to be affected by automatic enrolment already think it's a good idea.

 ‘It's early days but this enthusiasm seems to be borne out by the indications from several large employers that opt-out rates are currently running as low as 10 per cent.

 ‘While surveys among different groups of consumers will no doubt provide a range of results, it will be interesting to see how opt out works in reality as more people are enrolled over the next few years.'