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During the past decade, many changes have been made to the UK retirement savings environment. These changes include requiring private-sector employers to enrol most employees into a workplace pension, and the increase in the UK state pension age.
The IFS – Retirement Saving Consortium and the Economic and Social Research Council published two new reports studying how individuals’ retirement-related attitudes, expectations and behaviours have changed over the last decade.
More private-sector employees have become pension members since 2012 due to the increased availability of employer-arranged pensions and employees are enrolled in a workplace pension membership by default.