Follow us
Publications Commentary Research People Events News Resources and Videos About IFS
Home Publications Requiring Auto-Enrollment: Lessons from UK Retirement Plans

Requiring Auto-Enrollment: Lessons from UK Retirement Plans

Report summary

Key findings

  • Policymakers worldwide are concerned that workers are not saving enough for retirement, in part due to a lack of coverage by employer-based plans.
  • The United Kingdom has recently completed a nationwide rollout of auto-enrollment, with the ability to opt out.
  • In the wake of this initiative, participation rates have jumped to around 90 percent at medium and large employers and 70 percent at small employers.
  • Most of the increase is among workers making the minimum default contribution, but the share contributing at higher rates has also risen significantly.