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ABI comments on the IFS report released today on the attitudes towards pensions and auto enrolment

This morning the Institute for Fiscal Studies (IFS) Retirement Savings Consortium published two reports on the attitudes towards pensions and who leaves a pension scheme after being enrolled. Please see a comment from the Association of British Insurers below.

RobYuille240x273.jpgRob Yuille, Assistant Director, Head of Long-Term Savings Policy said:

“The big increase in younger people and those on lower incomes participating in workplace pensions is good news. We would like to see the Government go further to extend coverage to those under 22. With more people than ever before in workplace pensions, the rules on guidance and advice need to change so that providers and employers can help savers make decisions that suit them"

Last updated 05/03/2020