Image:
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...
To continue reading this article...
Join Professional Adviser
- 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.
- Tap into our community intellignece through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
