Industry fears reforms will now be pushed back until later this decade
Government commissioned a survey looking at low earners and workplace pension saving
Mark Bondi says AE reforms will only be the first step in solving pension adequacy issues
The government has rejected calls to set out a timetable for increasing AE contributions
Jonathan Stapleton says pension reform must not be put off further because of current crises
Some 32% of self-employed are not currently saving for their retirement
More than half of industry members do not agree with consulting further
Other priorities for SPP members include the superfund regime and an AE review
A “legitimate debate and discussion” is needed over future auto-enrolment (AE) contribution rates, says Guy Opperman, and that could take place next year.
The least financially secure pension savers may be increasing their personal debt levels or foregoing household essentials after paying pension contributions, The Investing and Saving Alliance (TISA) says.