Source · Select Committees · Work and Pensions Committee
Recommendation 7
7
Paragraph: 54
In addition to any increase in the statutory minimum, we have been persuaded that there...
Recommendation
In addition to any increase in the statutory minimum, we have been persuaded that there is scope to expand the use of targeted ways to improve outcomes or increase contributions. We recommend the Government commit to a trial of auto-escalation schemes, such as Save More Tomorrow (where people commit in advance to paying part of future salary increases into their pension), with a view to understanding how the use of such schemes might be extended to a wider range of savers and employers.
Paragraph Reference:
54
Government Response
A response document is linked to this report, dated 23 January 2023. Response attribution to this recommendation has not been verified. Read the response document ↗