Occupational Pensions

(asked on 6th January 2017) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment he has made of the uptake of workplace pensions since that scheme's inception.


This question was answered on 16th January 2017

So far over 7 million people have been automatically enrolled into a workplace pension and more than 370,000 employers have declared their compliance.

We anticipate that around 10 million people will be saving or saving more as a result of automatic enrolment by 2018, generating an estimated £17 billion extra pension savings per year by 2019/20.

9 out of 10 workers are choosing to remain in their workplace pension scheme after being automatically enrolled.

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