<ul data-eligibleForWebStory="false"><li>Rachel Reeves, the chancellor, is expected to trigger a review of the auto-enrolment pension scheme, potentially leading to increased employer contributions to staff retirement funds.</li><li>The review, part of the Labour government’s pensions review, could involve raising auto-enrolment contributions from the current 8% of worker earnings, with consultations suggesting a possible increase to 12% over several years.</li><li>Initially launched in 2012, the auto-enrolment scheme requires employers to enroll staff into a pension and contribute to their retirement savings, but concerns have arisen regarding the adequacy of current contribution levels for supporting retirees.</li><li>The independent Office for Budget Responsibility highlighted inadequate pension savings as a risk factor for public finances in the future, potentially leading more retirees to rely on state support and means-tested benefits.</li></ul>

Rachel Reeves expected to review pensions auto-enrolment

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