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

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read