Dr. Yvonne Braun, Director of Policy, Long-Term Savings and Protection, said:
“Auto-enrolment has been a huge success and these changes are very positive steps to bring even more people into retirement savings. Reducing the eligibility age to 18 recognises the importance of starting early given the powerful impact early-career contributions have on the size of people’s retirement savings.
"Even more importantly, starting contributions from the first pound people earn helps lower earners and people with part-time jobs, reflects what the best employers already do now, and does away with unnecessary complexity. This change will again help people save more meaningful amounts for their retirement.
"These are very positive changes for pensions but the timetable needs to be brought forward - we can’t afford seven lost years.”