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...

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