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Current AE minimum contribution level creating 'false sense of security' for savers


By Callum Conway

The current 8 per cent minimum automatic enrolment (AE) contribution rate is creating a "false sense of security" among savers, with many assuming that contributing the statutory minimum will provide an adequate retirement income, the Society of Pension Professionals (SPP) has warned.

In its response to the Work and Pensions Committee's inquiry into pensions adequacy, the SPP argued the current minimum is no longer sufficient to tackle the UK's retirement adequacy crisis, calling for contributions to rise to 12 per cent of total earnings over six years


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GGIC highlights business leaders' concerns around corporate governance reforms

Nearly nine in 10 (88 per cent) senior business decision makers believe the UK risks losing its 'market-leading' reputation for corporate governance unless effective standards are maintained, a study by the Governance for Growth Investor Campaign (GGIC) has found

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Schemes face continued uncertainty and practical challenges ahead of pension/IHT changes

Pension schemes face continued uncertainty around the detail of the inheritance tax (IHT) changes impacting pensions, with time pressure on making death benefit decisions and payments identified as the leading concern, according to Sackers

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Gender pensions gap widens to £11,180; over 30 years needed to close it

The gender pensions gap has widened to £11,180, with analysis by PensionBee suggesting it will take more than 30 years to close at the current rate of progress

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News in brief - 13 November 2026

The latest news in brief and mandates from the past seven days

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FCA consults on excluding certain performance-linked fees from charge cap

The Financial Conduct Authority (FCA) has launched a consultation on excluding certain performance-linked fees from the charge cap for default funds in the workplace pensions it regulates

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DB schemes de-risk more than £400bn via buy-ins over two decades

Defined benefit (DB) pension schemes have transferred over £400bn of assets to insurers via buy-in transactions over the past two decades, LCP analysis has revealed

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