The auto-enrolment army of (initially) low-contributing, apathetic savers has marched into the official data on pension contributions, demonstrating the uphill battle facing the industry to secure a decent retirement for today's savers.

As you can see here, a larger proportion of employees – 12 per cent, up from an average of 2.5 per cent between 2009 and 2012 – are now paying less than a fiftieth of their pensionable salary into their workplace pension. In other words, peanuts to get the retirement monkey off their back.

Click here for the full post

It's quick, easy and as a registered user you'll have full access to all Pensions Expert articles. You will also be able to receive editorial emails.

If you are already registered, please click here to login.