Pay rises unlikely to lead to contributions rise, IFS says

Institute finds employees do not capitalise on opportunities to boost retirement savings

Martin Richmond
clock • 2 min read
Pay rises unlikely to lead to contributions rise, IFS says

Employees are running the risk of poor retirement outcomes by failing to increase their contributions during significant changes to their finances, according to the Institute for Fiscal Studies (IFS).

The IFS report - When and why do employees change their pension saving? - published today (24 February), found savers failed to utilise substantial changes to their financial circumstances, such as...

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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Industry

Buzz: Is trust in pensions too low?

Buzz: Is trust in pensions too low?

Trust in pensions, employee financial education and investment mandation

Professional Pensions
clock 18 March 2026 • 1 min read
News Digest: Pension contribution cuts to save councils millions

News Digest: Pension contribution cuts to save councils millions

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 18 March 2026 • 1 min read
Pension investment decisions must put savers first, Penfold urges

Pension investment decisions must put savers first, Penfold urges

Comes as concern grows over proposed government power to mandate certain investments

Holly Roach
clock 17 March 2026 • 1 min read
Trustpilot