In a surprise move today, the Government has backed a Private Members’ Bill which will extend auto-enrolment (AE) pensions to millions more younger people and low earners.

Pension trade body the Pensions and Lifetime Savings Association (PLSA) is to focus on expanding the scope and level of automatic enrolment as its top strategic policy objective in 2023.

The government has confirmed that, after its latest review, auto-enrolment thresholds will be held at their current levels for the next year.

A total of over £114bn has been invested in Automatic Enrolment pensions by nearly 11m people since they were first launched 10 years ago, new government figures published today show.