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Automatic Enrolment Success Shifts Focus To Pension Adequacy



The Department for Work and Pensions (DWP) has published its latest statistics on workplace pension participation and savings trends.


Commenting, Rebecca Williams, Financial Planning Divisional Lead at Rathbones, one of the UK's leading wealth and asset management groups, says:

“The latest workplace pension figures are a timely reminder that automatic enrolment has been one of the UK's most successful pension reforms. Since its introduction in 2012, it has helped millions more people start saving for retirement while benefiting from valuable employer contributions that might otherwise have been missed."

“The fact that around nine in 10 eligible employees are now saving into a workplace pension is a significant achievement. With employers accounting for more than 60% of workplace pension saving, automatic enrolment continues to play a vital role in improving long-term financial security."


“However, the conversation now needs to move beyond participation and focus on pension adequacy. Getting people into pensions was only the first step. The bigger challenge is ensuring they are saving enough to achieve the retirement they want."

“Our research suggests today's Generation Z could require pension wealth of more than £3 million for a comfortable retirement, or around £2.4 million when applying the 4% withdrawal rule. While these figures may seem daunting, they reflect the reality of longer life expectancy, inflation and rising living costs over time."

“It's also notable that opt-out rates have edged higher. Cost-of-living pressures continue to squeeze household finances, making long-term saving harder for some people to prioritise. Meanwhile, lower participation among some groups and employees working for the smallest businesses shows there is still work to do to make retirement saving truly universal."


“Too many people still treat pensions as a 'set and forget' product, despite them often being among their most valuable financial assets. Automatic enrolment has normalised pension saving. The next step is to normalise pension engagement, helping people understand whether they are on track, review contributions regularly and make informed decisions throughout their working lives. Otherwise, too many risk reaching retirement only to discover they have saved too little, too late.”

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  • Mar 26, 2024
  • 1 min read


Harlequins scrum-half Danny Care has confirmed his retirement from international rugby with 101 caps for England and 15 years of loyal service.


The 37-year-old, who has a record 369 Quins appearances, has called time on his Test career after five matches for England during this year’s Guinness Six Nations, including his 100th cap in the 23-22 win over Ireland.


Born in Leeds, Care made his England debut at the age of 21, replacing Richard Wigglesworth in the 37-20 defeat to New Zealand in June 2008. A regular in the England squad over the next decade, Care won the Six Nations in 2011, before helping England to the Grand Slam in 2016 and Six Nations title in 2017.


He was also a key part of the touring squad that whitewashed Australia in the summer of 2016.


Care also featured at two Rugby World Cups, earning selection for England in 2015, before being called-up to the 2023 World Cup in France, making six appearances and helping Steve Borthwick’s side to the World Cup semi-final against South Africa.


Retiring as just the sixth men’s player to achieve 100 caps for England, Care hangs up his international boots with 15 tries from his 15 years, alongside three drop-goals.


Harlequins Director of Rugby Billy Millard commented:

“We’re incredibly proud of Danny and everything he has achieved for England. He’s been the ultimate professional for the past 15 years and worked extremely hard to fight his way back to achieve 101 caps. It’s a huge testament to his character, hard work and professionalism and we congratulate him on a fantastic England career and look forward to his continued impact at Quins.”

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