Increasing pension contributions at key life stages has merit but we need to implement 2017 review proposals

Commenting on IFS research suggesting people should be encouraged to increase pension contributions at key life stages Jamie Jenkins, director of policy and external affairs at Royal London, said:

“Such proposals have merit and resonate with the success we’ve seen where ‘save more tomorrow’ schemes are deployed in workplace pensions. The first priority must be to implement the proposals from the 2017 review as soon as we are comfortable that employers and employees have recovered their finances from the pandemic.”