Chris Knight: Auto-enrolment success must not go to our heads

Keep savers engaged and informed

clock • 5 min read

Auto-enrolment has proved a great success in its first five years but, warns Chris Knight, the financial services sector has much work to do to ensure Britain's workers actually end up enjoying a comfortable retirement

Five years on from its implementation and nearly 10 years since it was first mooted in 2008, more than 10 million people are expected to be newly saving or saving more into workplace pensions by 2020. More people are becoming engaged in their pensions and, importantly, are now saving towards retirement. In total, the Department for Work and Pensions expects around £17bn to be added to UK pensions every year by 2019/20 as a result of auto-enrolment. Despite the achievement of signing up millions of people to pension schemes, however, there are a number of challenges that, as an industr...

To continue reading this article...

Join Professional Adviser for free

  • 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 Retirement

The conversation that has to change with the 100-year life

The conversation that has to change with the 100-year life

'Advisers need to continue to challenge the cliff-edge narrative directly with clients'

Graeme Bowden
clock 24 September 2026 • 4 min read
Client confidence boost from advice review in retirement fades after six months

Client confidence boost from advice review in retirement fades after six months

Widespread uncertainty about how much can be sustainably spent in retirement

Laura Miller
clock 16 September 2026 • 3 min read
Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read