Budget reforms give older workers auto-enrolment incentive - research

Research from the Pensions Policy Institute (PPI), funded by Prudential, said 95% of older workers would receive good value on their contributions if they stayed enrolled. However, recent government research found about 15% of over 50s were opting out, a rate far higher than the 9% reported in other age groups. The PPI said recent changes to pensions - including the phased introduction of minimum contributions for auto-enrolment and the introduction of the single tier state pension from April 2016 - are expected to boost returns for older workers. However, it admitted for some grou...