05/10/2026
Four in ten people are expected to reach retirement age without sufficient pension savings.
Auto-enrolment was one of the biggest financial reforms in a generation, but it was designed to get people started, not to finish the job.
The minimum is 8% of qualifying earnings, split between you and your employer. For many people in their 40s and 50s, that’s left a gap between what their pension is building and the retirement they’d actually like.
How big that gap is depends on you: your income, your pension, your savings, and what retirement looks like for you.
That’s why it’s worth having the conversation now, while there’s still time to build a plan around where you are today.
Source: DWP, Analysis of Future Pension Incomes 2025.