26 July 2018

Treasury Committee Report: Auto-enrolment must do more to address undersaving

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Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Personal Finance Specialist

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Commenting on today’s publication of the Treasury Committee report Household Finances: Income, Saving and Debt Helen Morrissey Pensions Specialist at Royal London said:

"We welcome the report published today by the Treasury Committee on household finances which highlights that while we have made great progress with auto-enrolment there is still some way to go if we are to address the issue of under-saving. In particular its recommendation around the need to increase contribution levels beyond current planned levels while balancing the need to minimise opt-outs is something that needs to be addressed quickly. It is also extremely positive to see the report asking Treasury to keep an open mind on how to bring self-employed people into the auto-enrolment regime."

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Helen Morrissey, Personal Finance Specialist

About Royal London

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June.

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