Image:
Greer: "There is genuine pressure on the trade-off between income today and income in old age."
The pensions industry has broadly welcomed the Department for Work and Pensions’ (DWP) decision to freeze the qualifying earning band triggers for auto-enrolment (AE), but some have said the move does not do enough to support low earners, although future reviews can be expected.
The move from the DWP yesterday (8 February) came as part of its annual review into qualifying earnings bands. Interactive Investor head of pensions and savings Becky O'Connor said wage rises wo...
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
