Department for Work and Pensions written question – answered at on 21 July 2015.
To ask Her Majesty’s Government what is the average sum held in the pension funds of people who were enrolled in a pension scheme as part of the auto-enrolment process.
The information is not available in the format requested.
Findings from the Office of National Statistics (ONS) Wealth and Asset survey show that overall, the average (median) amount of wealth held in pensions not yet in payment was £33,000 in 2010/12. There is no breakdown available to show wealth held in funds created due to Automatic Enrolment.
DWP’s annual official statistics on workplace pension participation found that in 2014, the annual total amount saved in workplace pensions by employees eligible for Automatic Enrolment was £80.3 billion, an increase of £6.6 billion from 2012.
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