Inquiry: Auto-enrolment - The impact on advice

Helen Morrissey
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In this month's Retirement Planner Inquiry Helen Morrissey looks at auto-enrolment and whether it will push people towards financial advice.

We are now two years into auto-enrolment and by and large, it has surpassed everyones best expectations. Figures from The Pensions Regulator show more than four million people have been enrolled into a pension. Opt-out rates continue to hover below the 10% mark. This is a far cry from the 40%-plus opt-out rates predicted by industry figures. Prior to auto-enrolment, even pensions minister Steve Webb said he would be happy with a 30% opt-out rate. So far, so good. But auto-enrolment is only part of the solution to our retirement savings dilemma. We need to focus on getting people to en...

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