AE exceeding expectations but risks remain, says NAO

More enrolment little use if it doesn't lead to higher retirement incomes, body suggests

clock •

Automatic enrolment (AE) has been more successful than expected yet the industry cannot be complacent says the National Audit Office (NAO).

In its report, Automatic enrolment to workplace pensions, the NAO found low opt-out rates, and that the numbers of savers in workplace pensions and employers complying with regulation had beaten forecasts.  However, NAO head Amyas Morse warned the main players in the sector could not rest on their laurels. He said: "The Department for Work and Pensions (DWP), The Pensions Regulator (TPR) and The National Employment Savings Trust (NEST) have worked closely together to introduce the automatic enrolment programme. "They all have a clear understanding of their roles and the programme h...

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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

FCA data reveals 'notable advice gap' in drawdown

FCA data reveals 'notable advice gap' in drawdown

Almost half of pots entering drawdown now do so without regulated advice

Sophia Panayi
clock 24 September 2026 • 2 min read
Action 'needed now' on salary sacrifice to minimise disruption

Action 'needed now' on salary sacrifice to minimise disruption

LCP says early preparation will help employers navigate the transition

Jonathan Stapleton
clock 24 September 2026 • 2 min read
Self-employed face retirement saving 'obstacle course'

Self-employed face retirement saving 'obstacle course'

‘Structural gap’ in participation between employees and self-employed

Martin Richmond
clock 22 September 2026 • 4 min read