Between 2012 and 2017 around 10 million employees will be automatically enrolled into a workplace pension scheme – most of them for the first time. We are frequently told that this is to address the UK’s chronic under-saving crisis, exacerbated by population ageing. But this is, at most, only part of the story. It can also be explained with reference to the UK’s staggeringly poor record on investment, the so-called British investment strike.
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Image: Paul Simpson