Falling behind the curve: The costs of delaying an increase in auto-enrolment contributions

There is widespread consensus that current auto-enrolment contribution rates are unlikely to provide an adequate retirement income for most savers, and that there is a need to increase the default contribution rate from 8% to 12%. As a result, the question for policymakers ought not to be if default contributions should be increased, but when.

This report considers the costs of delaying an increase in contributions, considering the impact across three areas:

• The costs to retirement incomes
• The cost to the economy
• The costs of housing in retirement

Read the full report here.