Auto Enrolment Increases Pension Membership

June 19th, 2014

The percentage of private sector employees in a workplace pension scheme increased from 26% in 2011 to 35% in 2013 according to research commissioned by the Department for Work and Pensions.

The Employers Pension Provision survey shows that at the time of the research, 2% of private sector businesses had passed their staging dates. These firms accounted for 32% of all private sector employees.

The key findings are below:

The report found that amongst employers yet to pass their staging dates, many did not have a workplace pension scheme in place and a sizeable portion were uncertain about their plans.

Opt out rates were also lower than predicted by the Government, at between 9 and 10%.


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