Keith Richards: Auto-enrolment is not a 'one size fits all' solution

Since its introduction in 2012, auto-enrolment has transformed the savings landscape in the UK by bringing more than 10 million people into pension saving schemes. If an employee earns above the £6,032 threshold, they stand to benefit from minimum employer contributions of 2% of their annual salary, with the employee contributing a further 3%. Contribution levels are now set to increase to 3% and 5% respectively from April 2019 but, for many, this will still fall far short of building a meaningful pot. With average life expectancy expected to reach 100 in the coming decades, and conti...