Around 70% of workers plan to auto-enrol in 2012

clock

Almost 70% of employees believe they will take up auto-enrolment into an occupational pension from 2012, government research claims.

A department for work and pensions study revealed workers were aware of the importance of saving into a pension and 64% said auto-enrolment was an "attractive option". Pensions reform minister Rosie Winterton says: "We are all living longer, healthier lives, with increasing expectation for our lifestyles in retirement. But we know that there are around 7 million people not saving enough for retirement, which is why we introduced these reforms. "More and more people are becoming aware of the need to save for later life, and appreciate that these reforms will have an important role to play ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read
Examining the 60/40: Building diversified portfolios in 2023

Examining the 60/40: Building diversified portfolios in 2023

Advisers have a lot to consider when it comes to portfolio diversification

Charlotte Moore
clock 14 April 2023 • 6 min read
Schroder Investment Solutions expands distribution of MPS

Schroder Investment Solutions expands distribution of MPS

Expanding the range of DFM choice on the Parmenion platform

Ayesha Venkataraman
clock 06 December 2022 • 2 min read