Are people saving enough into their pensions?
Episode description
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Since the introduction of auto-enrolment over 10 years ago, more people than ever are saving into a workplace pension than ever before. However, new research from the IFS shows that approximately 30% to 40% of private sector employees (5 to 7 million people) saving in defined contribution pension schemes are on course to have individual incomes that fall short of standard benchmarks in retirement.
What changes should government make to the auto-enrolment policy? How much do people need to save? What about self-employed people?
To answer these questions, Paul is joined by Jonathan Cribb and Carl Emmerson from the IFS.
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