High AE take-up could make policy 'victim of own success'

Jam Tomorrow? The next 20 years of savings policy written by Nigel Keohane, and published by the Social Market Foundation and Aviva, modelled three scenarios for 2032 in which the success of auto-enrolment varies. The report said if eight million people (or 90% of the eligible population) opt to stay in workplace schemes, the policy would "struggle to engage employees" because it rests on inertia. In this scenario, "few are actively engaged in the savings process and many are indifferent to investment decisions or levels of saving." As a consequence, the report predicts employees w...