REVEALED: More than 15 million workers now automatically enrolled into a pension scheme

REVEALED: More than 15 million workers now automatically enrolled into a pension scheme
 

The 15.1m number - from the Department of Work and Pensions - is an increase of 4.4m since the policy was launched in 2012.
Auto-enrolment – which will be fully rolled out by 2018 – has arrested the decline in pension saving over the past decade. 
Recent analysis by the Institute for Fiscal Studies shows that between 2012 and 2015, 95 per cent of the rise in private sector membership was as a result of the policy.
In 2015, the annual total amount being saved by employees was £81.8bn, an increase of £1.4bn from 2014 and a further £7.1bn since 2012.
The latest analysis estimates there will be... read more

 
Thursday, 19:09 in Business, Views: 46
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