Calls for AE reform with low earners losing £122m

Scottish Widows calls for urgent reforms

Hope William-Smith
clock • 1 min read
Scottish Widows said "urgent" AE reforms that would "entitle those on low incomes to continue to receive contributions from their employer, if they are unable to meet the costs of employee contributions during a period of financial hardship".
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Scottish Widows said "urgent" AE reforms that would "entitle those on low incomes to continue to receive contributions from their employer, if they are unable to meet the costs of employee contributions during a period of financial hardship".

Low-paid pension savers under increased pressure from the Covid-19 pandemic should be able to opt out of auto-enrolment (AE) and still receive employer contributions, Scottish Widows says.

The latest Scottish Widows Retirement Report - published on 7 July - found workers earning between £10,000 and £20,000 per annum who lost income during the pandemic had missed out on around £122m in pension...

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