Awareness remains low with many people simply not aware that they are saving into a workplace pension or are receiving an employer pension contribution. Understanding remains low and even if individuals are aware, they don’t know what to do about it. Auto-enrolment may have had some (small) impact on mindset and saving psychology, but there’s a long way to go. We know financial wellbeing can be impacted by how we compare ourselves to others, with these top five things most likely to be used as a point of comparison against a person’s peer group: 1. How content they are with their lives 2. Good work/life balance 3. The type of property they live in 4. Amount of time spent with family and friends 5. The type of holidays they take A decade of auto-enrolment: has it helped or hindered saving psychology? 13
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