Pensions - Articles - DWP workplace auto-enrolment statistics - PwC comments

 "Today's figures show the continuing success of auto-enrolment in getting greater numbers of people involved. Getting more people enrolled into pension schemes is clearly a good thing, but there is trouble in store for future defined contribution savers who may not have the benefit of a historic defined benefit pension and who may be hugely underestimating the amount they need to start saving now for later.

 "The current average contribution for those who are automatically enrolled is not enough to secure a comfortable retirement. Despite many savers knowing this, the perceived complexity around alternative pension options causes many to put off looking at better choices. Some may also feel like it may be too late, especially if they have been focused on getting on the property ladder or paying off debts such as student loans.

 "While saving for retirement should be everyone's personal responsibility, there is a role for government and employers to increase understanding around defined contribution pension options to empower people with the knowledge to make the right retirement decisions for their circumstances."