Pensions - Articles - Auto-enrolment pensions must do more for low-paid workers

 Commenting on the news that 4 million people have now been auto-enrolled to workplace pensions, TUC General Secretary Frances O’Grady, said:

 “It is welcome news that four million people have been auto-enrolled into a workplace pension, but we must now build on this success.

 “Many people in low-paid jobs don’t benefit from the current system because they have to be earning more than £10,000 to trigger auto-enrolment. This means the majority of the UK’s six million part-time workers are missing out.

 “The Pensions Minister, Steve Webb, recognises that auto-enrolment pensions will not generate a decent retirement income, even with plans to raise minimum contributions in 2017 and 2018. So we need the government to set out a new road map to improve the scheme and ensure that it’s fully supported by sufficient employer contributions.”