15m workers not ‘sufficiently’ saving for retirement, says top pensions chief Investing Tens of millions of working people will face a crisis in retirement with the current automatic salary contribution “no longer sufficient,” the boss of one of the UK’s largest pension providers has warned. Around 15 million people are set to suffer in retirement as workers use their automatic eight per cent auto-enrolment pension contribution as [...]
Companies need to boost employee pensions says IFS Economics Approximately 30 per cent to 40 per cent of private sector employees will have individual incomes in retirement that fall short of standard benchmarks, the IFS said.
Lift auto-enrolment pension contribution to 12 per cent for £10bn boost, report argues Pensions Auto pension enrolment was one of the key policy wins of the coalition era and essentially made employees automatically pay into their pension pots.