Do you face £110k less at state pension age? 'Sufficient saving' delay can impact retirees

"Financial advisers and the industry can work together to provide the advice and solutions this new generation of retirees will need.

"Helping them to achieve their retirement goals.”

Auto-enrolment doesn't apply to everyone, for instance there is an age and a minimum earnings limit.

Earlier this week, NOW:Pensions urged the Government to lower the age of automatic enrolment from the age of 22 to 18.

Speaking at the Professional Pensions Defined Contributions Digital Event on Tuesday, Adrian Boulding Director of Policy at NOW: Pensions said: “Those early years of contributions are the most valuable, as they gain from over 40 years of compound interest growth through investment.