Automatic Enrolment Report 3: How will automatic enrolment affect pension saving?
This is the third report in a series of research reports that investigate the potential impact of automatic enrolment into workplace pensions.
This particular report analyses the potential effects that employee and employer responses to automatic enrolment could have on scheme membership and the total value of assets in private sector workplace pension schemes.
This report was sponsored by Legal and General and the analysis uses data provided by three automatic-enrolment scheme providers (Legal & General, NEST and The People’s Pension), one employee benefit consultant (JLT), and the DWP, on their experiences of implementing automatic enrolment, covering over 2.6 million of the individuals who have been automatically enrolled. The PPI is grateful to these organisations for providing this data.
Please click here to read the full report.
Please click here to read the executive summary.
Please click here to read the press release.
A write-up of the seminar is available here along with the presentations presented at the seminar.
The research series is being funded by a consortium or organisations including the Association of British Insurers, the Defined Contribution Investment Forum, the Department for Work and Pensions, the Institute and Faculty of Actuaries, Legal and General, The People’s Pension and Prudential. To view the other reports in the series, click here for report 1 (What level of pension contribution is needed to obtain an adequate retirement income?) and here for report 2 (The benefits of automatic enrolment and workplace pensions for older workers).
Keywords: personal accounts, auto-enrolment, autoenrolment, 2012, NPSS, National Pension Savings Scheme, Pension Commission, DC, Defined Contribution, DB, Defined Benefit, Risk Sharing, Risk-sharing, Hybrid, Stakeholder, Personal Pension, Non-State, Contracted In, Contracted Out, COSR, COMP, GMP, Guaranteed Minimum Pension, Employer, Charges, Employer Sponsored, Contribution, Investment, PPF, Pension Protection Fund, Liabilities, Assets, Deficit, Surplus, Funding Level, Section 75, Debt on Employer, Membership, Scheme Funding, Employer Covenant, tPR, the Pensions Regulator, TPR, buy-out, SPA, State Pension Age, S2P, State Second Pension, SERPS, State Earnings Related Pension Scheme, GRAD, Graduated Pension Scheme, BSP, Basic State Pension, British State Pension, HRP, Home Responsibilities Protection, Carers Credits, National Insurance, Disability, Disabled, Indexation,