Friday 25 Nov 2016 @ 12:30
Wired-GOV Newswire (news from other organisations)
Wired-GOV Newswire (news from other organisations)
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TUC: Pension industry report highlights need to build on auto-enrolment
TUC General Secretary Frances O’Grady commented on the publication yesterday (Thursday) of a report by the Pensions and Lifetime Savings Association, which notes the success of auto-enrolment but highlights the need to increase contributions to ensure adequate retirement incomes,
“Automatic enrolment has given millions a workplace pension for the first time, especially young workers. But now we need to make sure that those pensions are enough for a decent retirement.
“Employers must step up and show they’re prepared to put more into workplace pensions alongside their employees. And the Government must improve auto-enrolment so it delivers a decent pension for everyone."
Notes to Editors:
- For more information on the PLSA report ‘Retirement Income Adequacy: Generation by Generation’, go to:
- All TUC press releases can be found at tuc.org.uk/media
- TUC Press Office on Twitter: @tucnews
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