TUC: Pension enrolment up but adequacy still needs addressing urgently
23 Sep 2016 01:13 PM
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.”
NOTES TO EDITORS: