Aviva calls for 12.5% auto-enrolment contributions by 2028

The recommendation - part of Aviva's Pre-Review of auto-enrolment, carried out ahead of the government's own review next year - is the first in the group's "10 steps to AE success", which cover four different aspects of potential reform: adequacy, scope, consolidation and engagement. Aviva argued the total auto-enrolment contributions - that is, from employer, employee and tax relief - should be phased up to reach a minimum of 12.5% by 2028. From April 2018, the current minimum of 1% of salary from employer and 1% from employee (including tax relief) will rise to 5% in total, with a m...