In this research, conducted in 2018, we worked with Harris Interactive to understand people’s experience of auto enrolment over time and the impact of the first phased increase in minimum contribution levels in particular. This meant not just understanding people’s pension saving behaviours, but also exploring how saving in a workplace pension is impacting their broader financial lives and wellbeing. To help us gain an in-depth understanding, we examined data from the Nest pension scheme and gathered new insights through surveys and other sources.
Our research report, The auto enrolment experience over time: Understanding the real impact of contribution increases on behaviours and attitudes (PDF), explores:
- How have members’ attitudes and behaviours changed over time?
- What relationship is there, if any, between retirement saving and other financial behaviours?
- How is a member’s overall financial wellbeing impacted by auto enrolment and significant
life events? - What impact did the first phased minimum contribution increase have on members?
We’d like to thank our project partners, Legal & General Investment Management (LGIM), for the sponsorship that made this research possible.
