Consumers will 'stop worrying' about retirement after AE

Data from the National Employment Savings Trust (NEST) found 63% of people agree with auto-enrolment, despite finding the current economic environment difficult. NEST insight, launched today, also found 67% of people thought auto-enrolment would mean they could ‘stop worrying that had had done nothing about their retirement funds'. However, with minimum levels of saving set at 8% of qualifying earnings commentators said these people would not achieve desirable pensions. Hargreaves Lansdown head of pensions research Tom McPhail said: "The problem here is that for most people, the de...