Tag: UK auto-enrollment
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…
Too bad we couldn’t go all the way and have auto-enrollment. We were looking at the United Kingdom’s ambitious retirement saving initiative when the President announced Treasury’s MyRA proposal last month. The UK initiative shares two key attributes with the MyRA – namely, safe investments for the new saver and a separate mechanism to administer…
