Calls for AE reform with low earners losing £122m

Scottish Widows is calling for hard-hit savers to be able to opt-out while still receiving employer contributions

Hope William-Smith
clock • 1 min read

Low-paid pension savers under increased pressure from the Covid-19 pandemic should be able to opt out of auto-enrolment (AE) and still receive employer contributions, Scottish Widows says.

The latest Scottish Widows Retirement Report - published today (7 July) - found workers earning between £10,000 and £20,000 per annum who lost income during the pandemic had missed out on around £1...

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

Partner Insight: How this year's Pension Engagement Season 'sparked a movement'

Partner Insight: How this year's Pension Engagement Season 'sparked a movement'

Innovation and this year’s industry-wide campaign have set a new benchmark.

Jill Henderson, Head of Strategic Workplace Relationships, Scottish Widows
clock 20 November 2025 • 3 min read
Aegon's largest default fund hits £1bn in LTAF assets

Aegon's largest default fund hits £1bn in LTAF assets

Provider has established a combined target of 17% allocation to LTAFs by 2028

Martin Richmond
clock 18 November 2025 • 1 min read
Smart Pension acquires WS Stakeholder Pension Scheme

Smart Pension acquires WS Stakeholder Pension Scheme

Acquisition makes Smart Pension the UK’s eighth largest DC master trust

Holly Roach
clock 18 November 2025 • 1 min read
Trustpilot