Auto-enrolment reform could generate '£1.2bn in extra contributions'

Industry calls on the WPC to push the government to implement AE changes

Hope William-Smith
clock • 3 min read

The government must announce a concrete timeline for the implementation of both promised and recommended policy changes to auto-enrolment to improve retirement outcomes for savers, according to industry commentators.

Responding to the final part of the Work and Pension Committee's (WPC) three-pronged inquiry into the success of the first five years of pension freedoms - which closed on 2 February - Now Pensions, Royal London and Aegon urged the government to follow the WPC's extensive recommendations to overhaul the pensions journey. The WPC laid out a proposed series of reforms to the government on 18 January after more than 18 months of inquiries which focused specifically on pension scams, suitable access to pension savings, and the challenges of saving for later life. Now Pensions recommended ...

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