Chris Knight, CEO of Legal & General Retail Retirement, comments on research which shows that just 4% of employees will definitely quit their workplace pension when contributions rise next April: |
“Ensuring the UK workforce reaches retirement with sufficient funds is one of the biggest challenges faced by the industry. With auto-enrolment contributions rising next April, there has been much speculation around whether the number of people opting out will rise. Should this research prove true, it will certainly be welcome news for retirees and the UK economy as a whole. |
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