Alan Morahan: Five steps to boost employee pension saving

A psychological journey

clock • 5 min read

With auto-enrolment pension contributions rising on 6 April, Alan Morahan outlines how employers can help workers get the most out of workplace saving

Many UK employers struggle with pensions engagement. They just can't seem to get their staff interested or excited about pensions, particularly younger employees who view retirement as being in the very distant future. While more than eight million people have been enrolled in a company pension scheme since auto-enrolment was introduced in 2012, they still aren't saving enough. The Department for Work and Pensions published a report last December highlighting that four in 10 employees eligible for auto-enrolment are "under-saving". The report also stated that out of the 12 milli...

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