Reports and Briefing Notes

Automatic enrolment changes

NOW: Pensions sponsored the PPI to model a selection of scenarios that look at the effect of removing the qualifying earnings bands and removing the earnings trigger in preparation for the Automatic Enrolment Review in 2017.

The PPI modelled a range of individuals and couples and their pension saving under different variations:
1. Removing the band earnings; and
2. Removing both earnings band and earnings trigger.  

The research does not make recommendations as to the appropriate direction of future policy, but is designed to provide independent evidence to allow policy development to be well informed and for the analysis to help improve the discussion and debate on the automatic enrolment thresholds. 

Chapter one models 3 scenarios to illustrate the effect of changing the qualifying earnings band and earnings trigger.

Chapter two explores the number and nature of individuals who would become eligible for automatic enrolment under no band earnings and no earnings trigger.

Chapter three considers the impact these changes would have on private pension savings.  

Executive Summary