Raising minimum AE levels could boost savings by more than £200,000

Research finds savers could accrue £650,000 at retirement under increased AE contribution levels

Martin Richmond
clock • 2 min read
Raising minimum AE levels could boost savings by more than £200,000

Raising the minimum pension contribution levels under auto-enrolment (AE) could boost savers’ retirement funds by more than £200,000, research from Standard Life has found.

The provider's analysis of a worker who begins working full-time at the age of 22 – with a salary of £25,000 with pension contributions at the current minimum AE levels of 5% employee and 3% employ...

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 Defined Contribution

Reports: NatWest in talks to sell workplace pensions provider Cushon

Reports: NatWest in talks to sell workplace pensions provider Cushon

Sky News says the high street bank is looking to refocus on ‘core strategic priorities’

Professional Pensions
clock 22 September 2025 • 2 min read
LifeSight hits £1bn in drawdown assets

LifeSight hits £1bn in drawdown assets

Growing numbers of members choosing to stay with master trust as Gen DC start to retire

Jonathan Stapleton
clock 16 September 2025 • 1 min read
Most DC members will be 'better off' in future, SPP says

Most DC members will be 'better off' in future, SPP says

Polling finds one quarter think members will be better off in five years

Jasmine Urquhart
clock 05 September 2025 • 1 min read
Trustpilot