Zurich: Auto-enrolment 'lulls people into a false sense of security'

Wilson (pictured), the provider's head of retail platform strategy, said the savings gap - the difference between the income people need in retirement and how much they save for it - will become a bigger problem if people don't contribute about six times the minimum amount they currently do. In 2012 the government introduced auto-enrolment to get more people to save into a pension. Three years later it opened up the retirement space, giving savers over the age of 55 full freedom and choice over how they spend their retirement savings. This was also meant to incentivise saving and h...