Occupational Pensions

Work and Pensions written question – answered on 12th September 2013.

Alert me about debates like this

Photo of Andrew Jones Andrew Jones Conservative, Harrogate and Knaresborough

To ask the Secretary of State for Work and Pensions what progress has been made on the rollout of auto-enrolment pension schemes.

Photo of Steve Webb Steve Webb The Minister of State, Department for Work and Pensions

The largest employers began automatically enrolling their staff on 1 October 2012. All other employers are being "staged in" over the next five years.

Full roll-out will be achieved in 2018 and the early signs are that it is a success. The Pensions Regulator's (TPR) latest available registration figures show that by 31 July 2013 1,600 employers had enrolled more 1.4 million eligible workers into a qualifying workplace pension.

Opt out is lower than expected so far. Previous research suggested around a third of people would opt out but the latest research with large employers indicates that around 91% of individuals are currently choosing to continue to save.

The Department will publish research later this autumn describing the experiences of large employers who have been through automatic enrolment so far to identify key lessons and good practice for employers in the future.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.