Why employees should be able to opt-down AE contributions

clock • 3 min read

Hugh Nolan believes members struggling with increased auto-enrolment contributions should be offered a chance to opt back down to the previous level rather than making it an "all or nothing" choice.

Some 235,000 employers have enrolled their staff in a workplace pension and over 6.6 million people are now in these schemes. So far, so good on auto-enrolment! This success strongly supports the n...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Most savers did not seek Pension Wise guidance in last four years

Most savers did not seek Pension Wise guidance in last four years

Just Group analysis shows only 5% of DC savers had in-person appointments with Pension Wise

Martin Richmond
clock 19 May 2025 • 2 min read
Low member engagement biggest obstacle to a default retirement solution, XPS says

Low member engagement biggest obstacle to a default retirement solution, XPS says

XPS research finds 37% cite low engagement as main challenge to implement retirement solutions for DC members

Martin Richmond
clock 15 May 2025 • 1 min read
DC Conference Manchester: Register now!

DC Conference Manchester: Register now!

The DC event is being held at Manchester on 17 September

Professional Pensions
clock 14 May 2025 • 1 min read
Trustpilot