12.5 million workers under saving for retirement

DWP urged to implement changes to AE to address retirement income shortfalls

Martin Richmond
clock • 3 min read
12.5 million workers under saving for retirement

Around 12.5 million of working age savers are not saving enough for their retirement, research from the Department for Work and Pensions (DWP) has found.

The research, Analysis of Future Pension Incomes, published on Friday (3 March), revealed while the introduction of auto-enrolment (AE) in 2012 has been transformative - increasing the number of wo...

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 Industry

Buzz: Are you concerned tax relief changes could mandate investment in UK assets?

Buzz: Are you concerned tax relief changes could mandate investment in UK assets?

Tax relief changes, DWP terminal illness definition, hybrid asset ownership model, AI adoption

Professional Pensions
clock 20 October 2026 • 1 min read
Guy Opperman says industry in agreement VfM is a 'slow-moving car crash'

Guy Opperman says industry in agreement VfM is a 'slow-moving car crash'

Former pensions minister claims widespread industry criticism of the framework

Alex Levy
clock 20 October 2026 • 2 min read
UK ranks 14th in global retirement index as pension systems under 'real strain'

UK ranks 14th in global retirement index as pension systems under 'real strain'

Marsh and CFA Institute say guided retirement could ‘shift the dial’ on decumulation

Alex Levy
clock 20 October 2026 • 2 min read
Trustpilot