Member Article

LEBC comments on two years since the introduction of auto enrolment

Glynn Jones, Divisional Director, Group Savings & Investments, LEBC Group comments on two years since the introduction of auto enrolment:

“We are two years into a huge social and economic experiment, the results of which can’t be known for a generation or two.

“Whilst the numbers and general response have been quite positive to date, or at least there have been few negatives from the public at large, there is a long way to go to achieve a definite buy in from all employers and employees by 2018, when the costs to employees will be felt in the pocket.

“The real long term gain for society will be that millions of our citizens become much more engaged in their own long term financial planning. This could have a huge shift in the aspirations and attitudes of many.

“I look forward to 2030!”

This was posted in Bdaily's Members' News section by LEBC Group Ltd .