Could workplace pension saving be made compulsory?

26 March 2018

A survey of 691 British businesses by workplace pensions provider NOW: Pensions has revealed that over half (53%) expect the government to make workplace pension saving compulsory, with no ability for savers to opt out, at some time in the future.

The survey revealed that of the businesses that responded over a quarter (28%) said they thought it likely that beyond 2019, the government would look to increase auto-enrolment minimum contributions beyond 8%. A similar proportion (27%) thought that the government might look to re-balance contributions so that employers paid either the same or a greater proportion than employees. Only 12% thought that the government wouldn’t make any further changes to the auto-enrolment policy.

Read the full press release from NOW: Pensions.