The Department for Work and Pensions (DWP) has revised down its opt-out rate estimate for auto-enrolment (AE) from 30% to 15%.
DWP said that nine million people will start saving for retirement or increase their pension contributions due to AE, compared to previous forecasts of eight million. Pensions minister Steve Web...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
