There’s no doubt that, on the face of it, Automatic Enrolment has been a success, with six million new workers now contributing to a pension and 95% of employers complying with the new rules (Source: BBC, July 2016).
However, scratch below the surface and the picture isn’t quite as rosy.
A number of factors affect the size of your pension pot, and consequently the income it will provide. These include:
The amount you contribute
The length of time you pay in for
The amount taken out in charges and fees