01844261155 mail@richardsons-group.co.uk

4.4 million more workplace pension savers since 2012

12th December 2016

79% of eligible employees have saved into a workplace pension in at least 3 of the last 4 years, according to figures from the Department for Work and Pensions.

Almost 6.9 million auto-enrolled workers saved £82 billion in workplace pension schemes in 2015.

More than 293,000 employers have completed their auto-enrolment duties.

The number of people saving into a workplace pension has increased by 4.4 million since 2012.

Institute of Fiscal Studies figures show that 95% of the rise in private sector membership between 2012 and 2015 was the result of auto-enrolment.

Morten Nilsson, CEO of NOW: Pensions, said:

"Auto-enrolment is a policy that needs to work for everybody but at the moment it is failing to deliver for millions of the lowest paid workers.

"The 2017 auto-enrolment review is an opportunity for the pensions minister to tackle some of these inadequacies and talk openly about where the policy is succeeding and failing."

Talk to us about your auto-enrolment responsibilities today.