Lord Turner, head of Britain's Pensions Commission, is the latest soft paternalist to recommend such a scheme (see article).
Lord Turner's Pensions Commission said last year that it expected such schemes more or less to disappear from the private sector over time.
One of Mr Hutton's first jobs will be to deal with the final report of Adair Turner's Pensions Commission, due at the end of the month.
Mr Turner also said that the Pensions Commission remained "unconvinced" that scrapping the current second state pension to create a simplified state system was the best option.
It matters little who leaked a letter last week from the chancellor to Lord Turner, the head of the Pensions Commission that published its long-awaited findings on Wednesday.
Britain's Pensions Commission has used a net replacement rate of 80% for workers on average incomes as a rough guide to whether they will have enough to live on in retirement.
The final report of Adair Turner's Pensions Commission is due at the end of the month, which is likely to say Britons must save more or work longer to avoid poverty in old age.
The interim report from the Pensions Commission - published last October - said a mixture of higher taxes, more saving and a higher average retirement age was needed to solve the UK's pension crisis.
Ministers are promising a draft Pensions Bill once a commission on the issue reports.
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The more commission dollars pensions direct, the less managers have for their own purposes including soft dollaring and marketing.
The work and pensions secretary said the European Commission had "got to understand" that "people shouldn't use the free movement rules just to travel around, looking for the best benefits they can get".
Early this year, when several members of the government's commission on Social Security recommended that pensions should be privatised, Mr Bauer proclaimed his opposition.
Transferring other benefits such as pensions should also be made easier according to the Commission's 25-point proposal.
In January 2009, GM settled a case filed by the Securities and Exchange Commission over the way it accounted for pensions and other issues.
FORBES: Why Can't You Trust General Motors' Financials? Because GM Says You Can't.
The Energy Secretary Chris Huhne is before the Environmental Audit Committee, talking about Carbon Budgets, and Work and Pensions Minister Maria Miller will be giving evident to the Work and Pensions Committee on the new Child Maintenance and Enforcement Commission - the replacement for the now defunct Child Support Agency.
If the British do not play ball on Eurobonds, hints the commission, other countries will not be helpful over pensions.
Sources: the Bureau of Labor Statistics, the Kaiser Commission on Medicaid and a study of state worker pensions done in 2009 by two academics, Joshua Rauh and Rovert Novy-Marx.
The FSA has said its motivation for introducing the changes is to stop policies - such as private pensions and investments - being mis-sold by sales staff on commission.
However, she noted that a U.S. Securities and Exchange Commission report released last month (see " SEC Targets Pensions") indicated widespread conflicts of interest exist among pension consultants and money managers that may cause significant financial damage to pension funds.
Kennedy, then Ranking Member and subsequently Chair of the Senate Committee on Health, Education, Labor and Pensions, and as a senior policy attorney at the Equal Employment Opportunity Commission.
The commission, led by Children's Minister Sarah Teather and Work and Pensions Minister Maria Miller, is expected to report back to the prime minister and the deputy prime minister in the autumn.
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