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

All children to be taught financial literacy as part of curriculum review

All children to be taught financial literacy as part of curriculum review

Reforms will introduce statutory requirement to teach financial literacy in primary schools

Jonathan Stapleton
clock 05 November 2025 • 4 min read
News Digest: LGPS governance reviews 'could see pension funds merge'

News Digest: LGPS governance reviews 'could see pension funds merge'

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

Professional Pensions
clock 05 November 2025 • 1 min read
Aptia acquires Atkin Pensions as it boosts its admin capabilities

Aptia acquires Atkin Pensions as it boosts its admin capabilities

Move comes as Aptia clients seek a bundled solution including actuarial, consulting and admin services

Holly Roach
clock 04 November 2025 • 1 min read
Trustpilot