Majority of firms making 'minimum possible' auto-enrolment contributions

clock

The majority of employers who have begun automatically enrolling their workers are paying in the minimum level of contributions legally allowed, pointing to potential future disappointment for savers.

According to the BBC, the country's largest pension managers have reported the minimum possible level of contributions was being put in by between 66% and 90% of firms. Auto-enrolment contributions...

To continue reading this article...

Join Professional Adviser

 

  • 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 Regulation

Rob Barker, managing director UK savings and retirement at AFA

Aviva Financial Advice expands into annuities

'Holistic view of retirement needs'

clock 24 January 2022 • 3 min read
MPs urge government to trial automatic Pension Wise appointments

MPs urge government to trial automatic Pension Wise appointments

'Behavioural shifts needed'

clock 18 January 2022 • 3 min read
"The Coronavirus Act 2020 includes provisions to allow the extension to any of the powers contained within the bill and this issue should be raised urgently in government," said Graham Crossley, NHS pension specialist at Quilter.

End of Covid pension rules could see 7,000 NHS staff retire in March - Quilter

'Urgent action needed'

clock 17 January 2022 • 2 min read