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Minister says the Bill will ‘move the retirement saving revolution to an evolution’

Bill looks to abolish lower earnings limit and reduce age for being auto-enrolled to 18

The industry is split in its support of the DWP’s move with 45% agreeing and 45% disagreeing

Pete Glancy says lack of reform is preventing people from having a comfortable retirement

Freeze in triggers should result in more people being able to save more towards retirement

Peer says messaging explaining the benefits of pensions could stop people opting out

Workers saved £114bn into pension pots in 2021, compared to £81.7bn in 2012

Data shows there is yet to be a significant uptick in opt outs in 2022

Standard Life’s Gail Izat looks at auto-enrolment ten years on from inception

PLSA said schemes are responding to the crisis by providing extra support to their members