- One in five (19%) don’t know they can increase their personal contributions, as auto-enrolment turns ten
- However, despite the current pressure on household finances, almost three in ten (29%) pay more than the minimum amount required into their workplace pension
- Standard Life research highlights need for further auto-enrolment engagement strategies, with greater focus on females, older age groups and lower-income workers
Over a quarter (26%) of UK workers do not know how much they contribute to their workplace pension each month, according to new research* commissioned by Standard Life, part of Phoenix Group, highlighting the need to encourage further education and engagement with the auto-enrolment scheme as it reaches its 10th anniversary amid the spiralling cost of living.
* Research conducted to Standard Life by Opinium, among 2,000 UK adults between 2nd and 6th September 2022. All results are weighted to nationally representative criteria.