Automatic enrolment reaches 8 million
The Pensions Regulator (TPR) has confirmed than eight million employees have signed up for a workplace pension since the launch of automatic enrolment.
The introduction of automatic enrolment was expected to lead to around eight million workers saving more for their retirement and this milestone has already been reached with hundreds of thousands more employers still to enrol staff over the coming months.
Minister for Pensions and Financial Inclusion Guy Opperman said:
‘Reaching this eight million figure is a formidable achievement and represents a huge number of people on the path to a more financially secure retirement.’