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Occupational Pensions

Department for Work and Pensions written question – answered on 3rd November 2014.

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Photo of Mark Hoban Mark Hoban Conservative, Fareham

To ask the Secretary of State for Work and Pensions, what proportion of people enrolled under automatic workplace pension schemes have chosen to opt out after (a) six, (b) nine and (c) 12 months.

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

The information requested is not available.

Findings from qualitative research with large employers show the overall opt out rate was around 9 per cent. Most individual employers had an opt out rate between 5 and 15 per cent. Opt out is only possible within the opt out window which is one month after being automatically enrolled.

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