Automatic Enrolment Series: What level of pension contribution is needed to obtain an adequate retirement income?

The overall Automatic Enrolment Research Series is sponsored by the ABI, B&CE, the DCIF, DWP, Institute and Faculty of Actuaries, Legal & General and Prudential.

The report analysed the effect that contribution rates to workplace pensions could have on overall levels of retirement income. The report also analysed the contribution rate needed to have a “good chance” of achieving an adequate income.

The seminar was chaired by Michael Pomery CVO, the PPI Chairman, and was attended by over 60 people representing a broad range of interests within Government, the pensions industry and the third sector.

Chris Curry, PPI Director, presented the main findings of the report.  Please click here to view the report and here to view the PPI presentation.

Steve Webb (Minister of State for Pensions), Simon Chinnery (Chair of the Defined Contribution Investment Forum), Stephen Gay (Director of Life Savings and Protection from the Association of British Insurers) responded to the findings of the report.

Click here to download the write-up of the seminar.