IFS questions whether auto-enrolment has been too successful among financially vulnerable

In a paper authored by Pascale Bourquin and Rowena Crawford, the research institute said auto-enrolment (AE) has been hugely successful - noting that over 90% of eligible private sector workers were now members of workplace pension schemes. But the IFS said making pension membership the default had particularly boosted coverage among the young, the low-paid and the financially insecure. And it said it was "surprising, and perhaps worrying" there was no difference in participation rates at all across groups with different levels of financial security. It noted that even among the le...