One in five millennials likely to opt out of AE

James Phillips
clock • 3 min read

More than 20% of 23 to 36-year-olds are likely to opt out of a workplace pension they have been auto-enrolled into, research by Dunstan Thomas suggests.

The estimated opt-out rate currently sits at around 10%, suggesting a doubling of people leaving their pension scheme just as the auto-enrolment (AE) programme enters its final phase of staging sma...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

TPR changes approach to DC supervision and regulation

TPR changes approach to DC supervision and regulation

TPR plans to split DC schemes with similar risk profiles into four segments of supervision

Holly Roach
clock 20 February 2025 • 2 min read
Half of young people unaware what DC pensions are

Half of young people unaware what DC pensions are

MRM finds 18 to 30 year olds less familiar with term ‘DC’ than ‘APR’ and ‘compound interest’

Jasmine Urquhart
clock 07 February 2025 • 2 min read
The risks of private markets for DC should not be underestimated

The risks of private markets for DC should not be underestimated

Richard Evans says the UK and Australian public views investment risk differently

Richard Evans
clock 07 February 2025 • 5 min read
Trustpilot