Brits call for mandatory pension contribution rates

Auto-enrolment minimum contributions are set to increase to 8% in April 2019 but BlackRock warned this could create "a false sense of security" among workplace pension savers about how much they need to save for retirement. As an example, the asset management group said a 30-year-old currently earning £30,000 who wanted around two-thirds (£21,000) of their salary in retirement would need to contribute 10% of their monthly salary to their workplace pension. If the same person waited until age 35, however, their contributions would need to be 14% to achieve the same goal. If they delaye...