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TUC: Pension enrolment up but adequacy still needs addressing urgently

Commenting on new figures published yesterday (Thursday) by the Office for National Statistics, which show a record high membership in occupational pensions since the data was first published in 2008, TUC General Secretary Frances O’Grady said:

“Automatic enrolment has made a good start by bringing millions more people into workplace pensions.

“But it is a job half done. Too many women and lower-income workers still miss out.

“And we should be very concerned about plunging pension contributions. Millions who are doing the right thing by paying into a pension remain at risk of falling into hardship in old age.

“Next year’s review of automatic enrolment must be used by the government to provide a long-term plan for how workplace pensions will provide a decent retirement income for low and middle-earners.”



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