Auto-enrolment savings won't be enough, says AWD

The company's corporate advice manager, Jon Dixon, said the group backs the introduction of auto-enrolment in principle. But he warned savers may be lulled into believing that making the minimum contributions will be enough to pay for a comfortable retirement. From October, millions of workers in Britain will be automatically enrolled into their company's pension scheme as part of government plans to boost saving. But Dixon said the move may not have the desired effect. "Someone investing over a 46-year period from the age of 20 may receive a pension income of less than £500 eac...