The OECD's 2014 study into established pensions markets has concluded that changes to auto-enrolment scheme design, including tougher rules on opting out could improve UK coverage rates overall.

The study compared auto-enrolment in Canada, Chile, Italy, New Zealand, the UK and the US to form policy recommendations.

AE has boosted the UK's coverage from an international perspective

Overall, the UK came out pretty well on pensions coverage with 49.8 per cent of employees in a workplace pension scheme in 2013.

This was the first increase in the coverage rate since 2006 and is up from 46.5 per cent the previous year, the biggest increase in the period since OECD figures began in 1997.

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