DWP admits auto-enrolment projections were wrong

clock

The Department of Work and Pensions has admitted it significantly over-estimated the number of workers who will be auto-enrolled by the end of this parliament.

In a written ministerial statement published today, the department said only 55% of eligible workers will be auto-enrolled by 2015, compared with the previous projection of 70%. The statement sa...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

PSIG announces outcome of 'evolution or extinction' consultation

PSIG announces outcome of 'evolution or extinction' consultation

Scams group comments on usefulness of Code of Good Practice but calls for more industry support

Jasmine Urquhart
clock 20 December 2024 • 1 min read
Bank of England holds interest rates steady at 4.75% amid heightened inflation

Bank of England holds interest rates steady at 4.75% amid heightened inflation

Bank's MPC voted in favour of reducing current interest rate by 25bps in decision expected by markets

Sorin Dojan
clock 19 December 2024 • 2 min read
Rise in reported cyber incidents in 2023/24

Rise in reported cyber incidents in 2023/24

Eversheds Sutherland finds 284 reported cyber incidents occurred in last financial year for pensions

Jasmine Urquhart
clock 22 November 2024 • 1 min read
Trustpilot