AE contributions to hit £17bn in 2020

James Phillips
clock • 2 min read

Auto-enrolled employees will be putting aside £8bn of savings for retirement by the 2019/20 financial year, according to the Department for Work and Pensions (DWP).

The department's analysis, published 13 October, shows another £6.4bn will be saved through employer contributions, and a further £2.5bn from tax relief, making a grand total of £16.9bn. The DWP...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

XPS finds wide disparities across UK LTAF market

XPS finds wide disparities across UK LTAF market

Research finds gap of around 5% p.a. between LTAFs with highest and lowest returns

Martin Richmond
clock 16 September 2026 • 2 min read
Guaranteed income integration critical to guided retirement success

Guaranteed income integration critical to guided retirement success

Research finds annuitisation rates of 55% to 60% are possible without compulsion

Jonathan Stapleton
clock 16 September 2026 • 5 min read
Updated: DWP urged to use 2028 as a 'true test' phase for VfM framework

Updated: DWP urged to use 2028 as a 'true test' phase for VfM framework

Industry says schemes should not be permitted to ‘mark their own homework’

Martin Richmond
clock 14 September 2026 • 9 min read
Trustpilot