ONS report reveals 'transformational' impact of AE; But 2020 saw participation levels plateau

Holly Roach
clock • 4 min read

Nearly eight in ten employees have a workplace pension today compared to less than half of people when auto-enrolment (AE) was introduced in 2012, according to a report by the Office for National Statistics (ONS).

The report revealed that in 2020, a total 78% of people were workplace pension scheme members, compared with less than 50% of people in 2012. The ONS noted the increase in pension membership over t...

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 Defined Contribution

Pensions dashboards could lead to more than £2bn in lost savings by 2030

Pensions dashboards could lead to more than £2bn in lost savings by 2030

Research finds two-fifths of savers likely to use dashboards to carry out a pension transfer

Martin Richmond
clock 13 November 2024 • 3 min read
Will VfM reforms deliver what the DC industry needs?

Will VfM reforms deliver what the DC industry needs?

Jacqui Reid says there are two significant problems with the FCA’s proposed approach

Jacqui Reid
clock 13 November 2024 • 4 min read
L&G selects IFM Investors as infrastructure manager for DC private markets fund

L&G selects IFM Investors as infrastructure manager for DC private markets fund

Partnership will see L&G invest 19% of PMAF assets with IFM

Jonathan Stapleton
clock 13 November 2024 • 5 min read
Trustpilot