28 June 2017
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""AE may well be lulling people into a false sense of security that they are putting away enough for a comfortable retirement" - Scottish Widows' Pete Glancy
Scottish Widows has called for auto-enrolment contributions to be increased to 12% after research found the number of people saving adequately for retirement had stalled at around 56% for the third year in a row.
According to research by the pension provider, since automatic enrolment (AE) was introduced five years ago, the number of 'adequate savers' in the UK has risen from 46% to 56%. It also found, however,...
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