For government and policy; Within the next two years: • Urgently put in place a timeline to implement key proposals outlined in the 2017 automatic enrolment review. • Remove the upper age limit (currently State Pension age) for those saving through automatic enrolment. Within the next decade: • There needs to be greater flexibility to save through automatic enrolment to empower workers to make active decisions towards saving for retirement. • Decoupling of employee and employer contributions for lower earners. • Support the majority of households to achieve better retirement outcomes. • Empower pension providers to give more personalised support to pension savers. • A collaborative approach between government, regulators, pension industry and employers to shift people’s mindsets and increase pension awareness and public understanding of pensions. • An increased focus on the role and expectations of employers. For Employers: • Greater and broader focus on awareness raising, increasing general understanding and provision of information and guidance on planning for later life enabling workers to make more informed decisions. • Implementing measures to encourage employees to increase their short-term and long-term savings. For providers: • To play a key role in making it straightforward for savers to access information. • Adopt a targeted and timely approach to communications. A decade of auto-enrolment: has it helped or hindered saving psychology? 35
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