Auto-enrolment failing to alter long-term saving attitudes - Aegon

The provider said analysis of trends since 2012 showed a 53% increase in the number of ‘paid up' schemes - where members stop paying in contributions after the one month opt-out period. It said it had so far supported 2,300 employers through the auto-enrolment process. It said members who went through the process of quitting auto-enrolment schemes could be at risk of building up several small pension pots. Aegon added ongoing member engagement was crucial to help prevent drop outs. Workplace solutions managing director Angela Seymour-Jackson said: "Opt-out rates alone only give you...