What is automatic enrolment trying to achieve?
03 November 2016
3 November 2016
“Automatic enrolment is about saving for a dignified standard of living.”
These are the words of Charles Counsell, Automatic Enrolment Executive Director who reminds us what automatic enrolment is all about and what it is trying to achieve.
“…We have a population where people are living much longer than they ever were – you can expect to live for 20 years in your retirement on average and that figure is increasing. Automatic enrolment (AE) is all about helping people save for their retirement, so that they have a dignified standard of living and that meets their expectations about how they may wish to live for those 20 years…
…Automatic enrolment is not a one-off event, it truly is changing the landscape of saving on a daily basis.”
This is just a snippet from one of the posts on The Pensions Regulator's new blog which details interesting updates and comments from their senior staff. The latest posts also include:
- executive director for policy Andrew Warwick-Thompson welcoming TPR’s new powers to regulate master trusts
- chief executive Lesley Titcomb talking about the challenges of protecting pension schemes in a changing environment.