Response to TPR’s annual commentary and analysis report
Commenting on TPR’s annual commentary and analysis report, Gregg McClymont, director of policy at The People’s Pension, said: “It’s fantastic to see that a growing number of people in their twenties are saving into a workplace pension thanks to the success of automatic enrolment, but millions of workers are still missing out because they’re too young, work part-time or don’t earn enough.
“While it’s encouraging that as many women as men now saving into a workplace pension, we can’t ignore that women are still significantly worse off than men in retirement and much more needs to be done to address this inequality.
“Lowering the age limit for auto-enrolment to 18; calculating people’s pension contributions from the first pound they earn; and reducing the amount someone needs to earn to be eligible for a pension could put billions more into savers pension pots, bring more women into pension-saving, and help hundreds of thousands of younger workers save towards their future.”
ENDS