View more on these topics

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager

The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report.

Auto enrolment in numbers


Sources: Pensions Policy Institute, The Future Book: Unravelling workplace pensions 2016 Edition

What have we learned?

More people are saving than ever before, less people are opting out than expected and opt in rates are as high as 14%. Now’s not the time to relax however. With around half a million small employers still to stage over the next 18 months, the industry (and in particular the larger master trusts) will face unprecedented numbers of employers looking for help. Threats to the success of auto enrolment also need to be addressed – the new Lifetime ISA and adequate contribution rates are just two of these threats.

That said, it’s fair to say that looking at the figures from the PPI and TPR, it’s difficult to argue that that auto-enrolment hasn’t been an unmitigated success so far.

Source: TPR Declaration of compliance report July 2012- end September 2016, published October 2016. 



MAS adviser directory nears 6,500 registrations

The Money Advice Service’s retirement adviser directory is approaching 6,500 registered advisers, the latest data shows. 128 new advisers registered for the directory between April and September, taking the total number to 6,477. 3,595 advice firms are now listed on the directory after 74 new firm registrations over the period. MAS chief executive Caroline Rookes […]


Nic Cicutti: Pensioners are taking the rap for political failures

Former US defence secretary Donald Rumsfeld’s famous “unknown unknowns” perfectly describes the current situation with regard to the basic state pension. Last year, I was privileged to be invited to Money Marketing’s 30th anniversary dinner, in which long-standing contributors were asked to speculate on what would dominate debate in the next 30 years. During that […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment