Briefing Note 105 - The impact of the introduction of automatic enrolment on future generations
This Briefing Note considers the impact of the introduction of automatic enrolment on younger people and future generations particularly the young cohort of workers entering the workforce who may be automatically enrolled in to pension schemes for their entire working life.
This note highlights the change in participation brought about by automatic enrolment, and uses case study projections to consider the types of outcomes for individual millennials. It concludes that automatic enrolment has increased participation of millennials in pension saving, likely giving better pension outcomes to more people by bringing them in to saving at a younger age.
This Briefing Note was sponsored by Standard Life. The PPI is grateful to Standard Life for their support in producing this note.
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Keywords: Pension Commission, automatic enrolment, young, young adults, young cohort, younger cohort, millennials, millennials, standard life, future, automatic enrolment review, state pension, private pension