Gov't Urged To Cut Automatic Pensions Enrollment Age To 18

Law360, London (April 28, 2021, 2:16 PM BST) -- A pensions provider is urging the government to forge ahead with plans to cut the age at which people are automatically enrolled onto pensions from 22 years to 18, saying this could boost the investments and contributions they put in retirement schemes.

Adrian Boulding, director of policy at Now Pensions Ltd., said on Tuesday that the "early years of contributions are the most valuable, as they gain from over 40 years of compound interest growth through investment. And age 18 to 22 is also a period where, for many, there are less pressures on their finances, as the years of mortgage...

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