TPR and PLSA reveal AE contribution hike's minimal impact on opt-outs
AE contribution rate hike has had little impact on cessations
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
In April, minimum auto-enrolment (AE) contribution rates increased from a total of 2%, with a 1% minimum employer contribution, to a total of 5%, with a 2% minimum employer contribution. The survey...
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