Article summary
The Pensions and Lifetime Savings Association (PLSA) has published its response to the Work and Pensions Select Committee’s (WPSC) third inquiry on Saving for Later Life. The PLSA’s response addressed the success of automatic enrolment and called for the implementation of the automatic enrolment 2017 Review recommendations. It also called for a move to 12% per annum contributions and noted that the timetable for these will need to be moved back to navigate the current cost of living crisis.
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