Monday, 16 December 2013

2m enrolled in pensions

More than 2 million workers have begun saving into a workplace pensions scheme as a result of automatic enrolment, according to figures released today by The Pensions Regulator.

Automatic enrolment began in October 2012, when supermarkets and other large employers led the way. 

Eventually 9 million people will be signed up - though they can opt out if they want to.

3,500 employers have joined so far but tens of thousands more will start signing up staff next year as medium-sized companies get involved.

All employers, including charities and the public sector, will have to enrol eligible workers into a pension scheme.

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