We need to make AE work for self-employed - Royal London

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Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Personal Finance Specialist

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Commenting on The Pensions Regulator’s monthly auto-enrolment compliance statistics issued today, Helen Morrissey, Pension Specialist at Royal London, said:

"Today’s auto-enrolment compliance statistics[1] show the success of a policy that has seen approximately 10m people enrolled into a workplace pension scheme. However, what of those people who could benefit from this policy but as yet are unable to access it? If we really want to tackle the pension savings gap then the government really needs to make moves to increase the scope of auto-enrolment so it can include groups such as the self-employed[2] as well. These figures show that auto-enrolment works but now we need to make sure it works for more people.”

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Notes to editors:

1 The Pensions Regulator’s Auto-Enrolment Compliance statistics can be found here: https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis
2 Royal London worked with Aviva on a paper on how the self-employed can be brought into auto-enrolment. Solving the Under-Saving Problem among the Self-Employed can be found here: https://www.royallondon.com/Documents/PDFs/2017/AvivaRoyalLondon%20Report%2030Jun17.pdf/

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings