Pension industry report highlights need to build on auto-enrolment, says TUC

24 November 2016

Commenting on the publication today (Thursday) of a report by the Pensions and Lifetime Savings Association, which  notes the success of auto-enrolment but highlights the need to increase contributions to ensure adequate retirement incomes, TUC General Secretary Frances O’Grady said:

“Automatic enrolment has given millions a workplace pension for the first time, especially young workers. But now we need to make sure that those pensions are enough for a decent retirement.

“Employers must step up and show they’re prepared to put more into workplace pensions alongside their employees. And the Government must improve auto-enrolment so it delivers a decent pension for everyone."

ENDS

Notes to Editors:
- For more information on the PLSA report  ‘Retirement Income Adequacy: Generation by Generation’, go to www.plsa.co.uk/PressCentre/Press_releases/0537-Baby-Boomers-Generation-X-and-Millennials-whos-in-line-for-what-pension.aspx

- All TUC press releases can be found at tuc.org.uk/media

- TUC Press Office on Twitter: @tucnews