IFS: Automatic enrolment - too successful a nudge to boost pension saving?

Monday, 18 May 2020 10:48

Automatic enrolment has been hugely successful, such that over 90% of eligible private sector workers are now members of workplace pension schemes. Given they started furthest behind in terms of pension provision, it is not surprising that the biggest increases in coverage were for the young, the low-paid and the financially insecure. What is more surprising, and perhaps worrying, is that there is now no difference in participation rates at all across groups with different levels of...Request free trial