Automatic Enrolment Report 2: The benefits of automatic enrolment and workplace pensions for older workers
This is the second report in a series of research reports that investigate the potential impact of automatic enrolment into private pensions on individuals and their levels of pension saving but also on the shape of the private pension market.
This particular report analyses the returns on pension contributions for those aged between 50 and State Pension Age (SPA) who do not opt out from their workplace pension after being automatically enrolled.
The report has been funded by Prudential, and uses data from the English Longitudinal Study of Ageing (ELSA) to calculate internal rates of return from pension contributions under automatic enrolment, based on household circumstances, and taking into account the likely effects of means-tested benefits and tax in retirement.
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 3 (How will automatic enrolment affect pension saving?
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