The government has been urged to legislate now for a phased increase in minimum automatic enrolment (AE) pension contributions from 8 per cent to 12 per cent during the 2030s, with The Investing and Saving Alliance (TISA) warning that further delays risked leaving millions of savers facing inadequate retirement incomes.
In response to the Work and Pensions Committee's (WPC) inquiry into pension adequacy, TISA argued that the government should commit to a clear timetable for increasing contributions, giving employers and employees enough time to prepare for the added costs






