Occupational Pensions: Stoke-on-trent North

Department for Work and Pensions written question – answered on 24th April 2020.

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Photo of Jonathan Gullis Jonathan Gullis Conservative, Stoke-on-Trent North

To ask the Secretary of State for Work and Pensions, how many and what proportion of people in Stoke-on-Trent North constituency have (a) opted out after being auto-enrolled into a workplace pension and (b) saved more than the auto-enrolment minimum contribution.

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

In the Stoke-on-Trent North constituency since 2012, approximately 6,000 eligible jobholders have been automatically enrolled and 1,280 employers have met their duties.

The Department does not hold data for individual constituencies in relation to opt outs or the number of individuals who have saved above the automatic enrolment minimum contribution level. We do know that overall, around 9% of automatically enrolled workers have chosen to opt out which is significantly below original estimates; and our latest evaluation report shows that, in April 2018 approximately 6.4 million eligible employees in the private sector were already meeting the April 2019 minimum contribution requirements.

Automatic Enrolment Evaluation Report 2019, available via the following weblink: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/867634/automatic-enrolment-evaluation-report-2019.pdf

The Pensions Regulator’s data on Automatic enrolment declaration of compliance by constituency, available via the following weblink:

https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis/data-requests

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