No evidence to suggest opt-out surge after April contribution rate hike, TPR says

Kim Kaveh
clock • 2 min read

There has been no evidence to suggest that a “significant number” of people have opted out of their pension scheme after the final contribution rate hike, The Pensions Regulator (TPR) has said.

Contribution rates jumped for a second time in April to a total minimum of 8%, from 5% the previous year. Up until April 2018, contribution rates were at a total minimum of 2% from when the auto-en...

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