UK pensions minister must lift auto-enrolment contributions – CPS Research Fellow Michael Johson (Investment & Pensions Europe)
To read the full article, visit the IPE website.
“The target for contributions into the UK’s auto-enrolment pensions of 8% is not enough, and the new pensions minister Ros Altmann should prepare the ground for raising it, a think-tank with historical links with the governing Conservative party has said.
In a series of published suggestions for Altmann, the Centre for Policy Studies (CPS) said that, in her new role, Altmann should monitor the roll-out of auto-enrolment into workplace pensions, particularly the opt-out rate for small and medium-sized enterprises.
In addition to this, the author of the report, pensions analyst Michael Johnson, said she should “prepare the ground for raising contribution rates, today’s destination of 8% of band earnings being insufficient”.
She should also consider how to bring a form of auto-enrolment to the UK’s self-employed, he said.”
To read the full article, visit the IPE website.
Date Added: Monday 18th May 2015
