FTSE 100 executives are eluding the government’s cap on the annual allowance by accepting large cash payments instead of a pension.

Company directors and consumers hold vastly different opinions on why companies offer defined contribution schemes, according to a report. 

The payroll industry is in talks with the government about technical problems around auto-enrolment just weeks before employers such as BT roll out their schemes.

Builders, waiters and gardeners will be among those who will benefit most from auto-enrolment, says the Department for Work and Pensions.