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Greer: "There is genuine pressure on the trade-off between income today and income in old age."
The pensions industry has broadly welcomed the Department for Work and Pensions’ (DWP) decision to freeze the qualifying earning band triggers for auto-enrolment (AE), but some have said the move does not do enough to support low earners, although future reviews can be expected.
The move from the DWP yesterday (8 February) came as part of its annual review into qualifying earnings bands. Interactive Investor head of pensions and savings Becky O'Connor said wage rises wo...
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