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...

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.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Curry: "Design standards are vital for consumer protection."

Pensions dashboard design standards consultation opens

PDP consultation closes to responses on 16 February 2023

Holly Roach
clock 02 December 2022 • 1 min read
FCA launches paper on dashboard provider rules

FCA launches paper on dashboard provider rules

'Welcome next step towards making dashboards a reality'

Holly Roach
clock 01 December 2022 • 2 min read
SIPP borrowing for commercial property investment explained

SIPP borrowing for commercial property investment explained

Helping clients navigate a pension lending 'journey'

Caitlin Southall
clock 01 December 2022 • 4 min read