Pension savings have grown after six years of automatic enrolment, but more progress is required to provide most people with adequate funds for retirement.


Automatic enrolment has sharply reversed the downward trend in workplace pension membership, which hit a low of 55% in 2012. Membership was at 84% in 2017 according to the Department for Work and Pensions.

In April 2018 the overall minimum contribution rate – normally made up of employer and employee contributions – rose from 2% to 5% of band earnings (£6,032 – £46,350 in 2018/19), with another increase to 8% due in April 2019.

The impact of automatic enrolment is welcome, but it is no guarantee of adequate retirement provision. For some, the state pension (up to £164.35 a week in 2018/19) and their auto-enrolled pension may be enough once work stops. But for many others, such as those with patchy employment records or who are already close to retirement, it won’t.

If you are worried about your retirement, start by asking us to project what your current pension arrangements may produce.


Occupational pension schemes are regulated by The Pensions Regulator.

The value of your investments, and the income from them, can go down as well as up and you may not get back the full amount you invested.