Half of workers ‘have never considered increasing current pension contributions’

Half of workers have never considered increasing their current workplace pension contributions, according to the Pensions and Lifetime Savings Association (Tim Ireland/PA Archive) - (PA Archive)

Half (50%) of savers have never considered increasing their current workplace pension contributions, a survey has found.

Some 48% of people know the process to change their pension contributions with their current employer, while nearly three in 10 (28%) do not know the process to increase their pension contributions and a quarter are unsure (24%), according to research for the Pensions and Lifetime Savings Association (PLSA).