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The CBI commented on the Department for Work and Pensions’ plans to reinvigorate workplace pensions.

Jim Bligh, CBI Head of Labour Market & Pensions policy, said:

"Getting people to save more is essential for a comfortable retirement and the long-term sustainability of our economy, so the Government's efforts are welcome.

“As the pattern of people's working lives change, new forms of savings for retirement are necessary. Automatic enrolment is a key part of this, but is not enough on its own. Encouraging new approaches to saving above the statutory level is a goal that businesses, government and the financial services sector need to work together on."

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