Occupational Pensions

Department for Work and Pensions written question – answered on 26th February 2016.

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Photo of Gregory Campbell Gregory Campbell Shadow DUP Spokesperson (International Development), Shadow DUP Spokesperson (Cabinet Office)

To ask the Secretary of State for Work and Pensions, how many people automatically enrolled into workplace pensions between October 2012 and October 2013 have since withdrawn from that scheme.

Photo of Justin Tomlinson Justin Tomlinson Parliamentary Under-Secretary of State (Department for Work and Pensions) (Disabled People)

The Information requested is not routinely recorded for management information purposes and could only be provided at disproportionate cost.

Research from 2013 shows that between nine and ten per cent of automatically enrolled workers had opted out of their pension scheme. Our latest figures show that since the roll out of automatic enrolment, nearly 6 million people have now been automatically enrolled, and opt outs have remained much lower than were originally anticipated. We expect that around nine million workers will be newly saving or saving more by 2018. The Department is doing further analysis into workplace pension participation and opt out rates.

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