UK. Increasing AE contributions ‘best route’ to boosting pension savings – Baroness Drake

Increasing minimum automatic enrolment (AE) contributions is the "best route" to boosting pension savings and tackling the UK's retirement adequacy crisis, Pensions Commissioner, Baroness Jeannie Drake, has argued. Speaking at the Pensions UK Annual Conference 2026, Drake warned that voluntary contributions and saver engagement alone would not be enough to address widespread under-saving, stressing that raising minimum contributions would be necessary to secure adequate retirement incomes for future generations. "The efficient way to get more saving, and in my view, the...