Requiring Auto-Enrollment: Lessons from UK Retirement Plans


The brief’s key findings are:

  • 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.

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