Auto-enrolment boosts saving rates for low earners

Michael Klimes
clock

Half of employees on lower incomes are now saving adequately for retirement due to automatic enrolments according to research.

The latest Scottish Widows Workplace Pensions Report found the percentage of people on between £10,000 and £30,000 saving enough has risen steadily from 34% in 2012 when auto-enrolment was introduc...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

LifeSight announces £450m investment in Schroders Greencoat Renewables+ LTAF

LifeSight announces £450m investment in Schroders Greencoat Renewables+ LTAF

Strategy will feature in the WTW master trust’s core default funds

Jonathan Stapleton
clock 14 August 2025 • 2 min read
DC retirement outcomes show improvements amid market volatility

DC retirement outcomes show improvements amid market volatility

Hymans research finds growth phase members have experienced ‘positive’ levels of investment performance

Martin Richmond
clock 13 August 2025 • 5 min read
'Double counting' issue for private market fees risks DC 'opacity and confusion'

'Double counting' issue for private market fees risks DC 'opacity and confusion'

Aon warns lack of consistency in fee disclosure could lead to ‘loss of faith’ in expanded investment universe

Jonathan Stapleton
clock 13 August 2025 • 4 min read
Trustpilot