With auto-enrolment pension contributions rising, Punter Southall Aspire's Alan Morahan looks into how employers can ensure employees don't opt out
Many UK employers struggle with pensions engagement. They just can't seem to get their staff interested or excited about pensions, particularly younger employees who view retirement as being in the very distant future. While more than eight million people have been enrolled in a company pension scheme since auto enrolment was introduced in 2012, they still aren't saving enough. The Department for Work and Pensions[i] published a report last December highlighting that four in 10 employees eligible for auto-enrolment are "under-saving". The report also stated that out of the 12 mi...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.