Most workers will choose not to opt out of auto-enrolment when it comes into force from 2012, an Aviva report suggests.
Only 15% of working family heads would choose to opt out of a workplace pension scheme under auto-enrolment, according to the Aviva Family Finances Report. Aviva said there was "much positive sentiment" about auto-enrolment from workers, but added 12% of heads of families were worried the scheme would not be right for them, with 16% concerned about the impact on their take-home pay. The report said only 28% of breadwinners actively pay into a workplace pension now, but 74% would be happy to start if their employer matched their contributions. Paul Goodwin, head of pensions marketin...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes