Industry wary on blaming government for low AE level

Poll respondents agree the 8% minimum leads savers to believe they have enough

Hope William-Smith
clock • 3 min read
Respondents noted the difficulties of balancing cost of living and housing with higher pension contributions
Image:

Respondents noted the difficulties of balancing cost of living and housing with higher pension contributions

While industry respondents to a PP poll agree low minimum auto-enrolment (AE) contributions mean savers think they have enough money for retirement, many stopped short on saying the government had ‘mislead’ savers.

Professional Pensions asked its Pensions Buzz respondents whether or not they think the government's minimum AE level of 8% is misleading for savers in that it is below what would provide an adequa...

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

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
CDC could play important role in tackling pensions adequacy issue, experts say

CDC could play important role in tackling pensions adequacy issue, experts say

Hymans Robertson finds positive feedback among employers about possible move to CDC

Martin Richmond
clock 31 January 2025 • 3 min read
Trustpilot