Event

Increasing pension contributions: what would higher employer minimums mean?

This event hosted by UK think tank the Institute for Fiscal Studies presents findings on employer pension contributions.

Automatic enrolment has been a major policy success, substantially increasing workplace pension participation among private sector employees since its introduction in 2012. However, recently there is growing concern that a significant minority of people are not saving enough into defined contribution pension pots to secure an adequate standard of living in retirement. With the Second Pensions Commission due to make recommendations in 2027, a key question is whether – and how – minimum contribution rates should rise.

At this online webinar, IFS researchers will present findings from a new report on employer contributions to defined contribution pensions. In this research we document how employer contributions vary across different types of employees and employers, and how these patterns have changed over time. We also examine the potential effects of different policy options for increasing minimum employer contributions, including implications for employer costs, take-home pay, retirement adequacy, and tax relief.

The presentations will be followed by responses from expert speakers and audience Q&A.

Speakers

Calum Cooper – Partner and Head of Pension Policy Innovation at Hymans Robertson

Andrew Marker – Head of Retail Pension and Platform Proposition Lead at Vanguard Asset Management UK