Laura Suter: AE deficit to leave generation sleepwalking into pension pot shortfall

'A real issue'

clock • 3 min read

Laura Suter takes a long-term look at pension contributions and warns the auto-enrolled generation could be heading for disaster...

I finally ticked off one of the longest-standing tasks on my boring life admin list the other day - tracking down an old pension and transferring it to my SIPP. When I got my statement through, I was pleasantly surprised at how much was sitting in the pot. I'd only paid a fairly small amount in but my employer at the time was very generous and doubled any contributions I made. On top of that, 12 years of growth (and, it goes without saying, some very shrewd investment decisions by myself) means that the pot was now eight times the amount I had originally paid in. Sadly, my salary w...

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