AE needs 'steady' increase in contributions post-2019

James Phillips
clock • 2 min read

The auto-enrolment (AE) programme is at risk of derailment if the government increases contribution rates too rapidly, Zurich has warned.

Raising employee contributions above 5% too soon after the planned 2019 increases could cause thousands of workers to opt out, damaging the success of the regime, the insurance firm argued. This...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Aviva launches flexible pension scheme for Bolt

Aviva launches flexible pension scheme for Bolt

Drivers for private hire vehicle app will contribute 5% of fees from completed trips

Jasmine Urquhart
clock 25 March 2024 • 1 min read
PLSA: DC savers prioritise low-risk approach to pension investments

PLSA: DC savers prioritise low-risk approach to pension investments

PLSA finds quarter of savers opt to let scheme determine where their pensions are invested

Martin Richmond
clock 25 March 2024 • 2 min read
TPR: Challenge and disclosure must become the 'norm'

TPR: Challenge and disclosure must become the 'norm'

Regulator says industry must use value for money as ‘guiding principle’

Martin Richmond
clock 21 March 2024 • 3 min read
Trustpilot