12 million will miss out on AE without government action - research

'Give employers flexibility' - ACA

Victoria McKeever
clock • 3 min read

Nearly 12 million private sector employees will be excluded from auto-enrolment by mid-2018 if the government does not reduce the earnings trigger and extend the scheme to the self-employed, the Association of Consulting Actuaries (ACA) has claimed.

Ahead of government plans to extend auto-enrolment to a further 1 million or so small employers over the next year, the findings highlight weaknesses in the coverage among private sector employees. The ACA has concluded that, unless the current earnings trigger, of £10,000 a year is reduced and coverage is extended to rising numbers of self-employed, around 12 million UK workers will be missing out on auto-enrolment by mid-2018. The trade body acknowledged auto-enrolment has been "a success to date in adding some 7.2 million employees to the ranks of workplace pensions" but pointed ou...

To continue reading this article...

Join Professional Adviser for free

  • 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 Retirement

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Speculation on rules hitting confidence across every age group

Sahar Nazir
clock 17 November 2025 • 2 min read
Retirement confidence dips amid Budget speculation

Retirement confidence dips amid Budget speculation

Confidence is highest among those receiving professional financial advice

Jenna Brown
clock 12 November 2025 • 2 min read
The Great Wealth Transfer: women, wealth and what comes next

The Great Wealth Transfer: women, wealth and what comes next

Sponsored content from WIFA 2025 headline sponsor LV=

LV=
clock 03 November 2025 • 6 min read