I wrote here this week that one of my worries about the new auto-enrolment pension scheme was that it would breed complacency among savers. After all, if the government mandates that you must save a certain amount, why should you even think of saving more?
Under the current terms of the deal, that would be a mistake: save 8% of an average salary throughout your working life into a pension fund and, while you will certainly feel poorer in the short term, you might not end up that much richer in the long term.
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