Industry wary on blaming government for low AE level

Poll respondents agree the 8% minimum leads savers to believe they have enough

Hope William-Smith
clock • 3 min read
Respondents noted the difficulties of balancing cost of living and housing with higher pension contributions
Image:

Respondents noted the difficulties of balancing cost of living and housing with higher pension contributions

While industry respondents to a PP poll agree low minimum auto-enrolment (AE) contributions mean savers think they have enough money for retirement, many stopped short on saying the government had ‘mislead’ savers.

Professional Pensions asked its Pensions Buzz respondents whether or not they think the government's minimum AE level of 8% is misleading for savers in that it is below what would provide an adequate sum...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Mandates

Industry Voice: SI dilemmas — is 'E' or 'S' more important?

Industry Voice: SI dilemmas — is 'E' or 'S' more important?

Sustainable investing has become mainstream, but it’s not a perfect science, with many challenges that practitioners must face.

Robeco
clock 17 May 2022 • 2 min read
New research highlights consolidation could address key end game challenges for smaller DB schemes

New research highlights consolidation could address key end game challenges for smaller DB schemes

Stoneport
clock 21 February 2022 • 2 min read

Industry Voice Video: Using nature to offset emissions

Robeco
clock 17 November 2021 • 1 min read
Trustpilot