Phoenix Group presses government to introduce AE statutory requirement

Report outlines framework to increase AE contributions to boost adequacy for DC savers

Martin Richmond
clock • 4 min read
Phoenix Group presses government to introduce AE statutory requirement

The government should introduce a new statutory requirement to improve the adequacy of defined contribution (DC) schemes by increasing automatic-enrolment (AE) contributions, a report published by Phoenix Group says.

The report Raising the bar: A framework for increasing auto-enrolment contributions - published in partnership with WPI Economics - found a "clear need" for AE contributions to increase from 8% to ...

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