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

Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 6 min read
PSIG launches petition on member scam support

PSIG launches petition on member scam support

Group calls for change in the way pension and investment fraud victims are treated by HMRC

Jasmine Urquhart
clock 31 October 2024 • 1 min read
Autumn Budget 24: Carried interest rates hiked to 32% in blow to private equity bosses

Autumn Budget 24: Carried interest rates hiked to 32% in blow to private equity bosses

Rates to be increased from current 28% level from April next year, with further reforms in 2026

Valeria Martinez
clock 30 October 2024 • 2 min read
Trustpilot