Reforming an important pensions policy could boost people’s retirement funds by £100,000, a group has said.

Standard Life is calling for the pensions auto enrolment standard amount to be increased from eight percent to 12 percent.

The group claimed this would add £96,500 younger workers’ retirement pots, increasing workplace pension contributions by around £10billion a year.

Andy Curran, chief executive officer of Standard Life, part of Phoenix Group, said: “Increasing minimum auto-enrolment…