AE leads to record numbers of workplace pension savers

Workers saved £114bn into pension pots in 2021, compared to £81.7bn in 2012

Martin Richmond
clock • 2 min read
AE leads to record numbers of workplace pension savers

The introduction of auto-enrolment (AE) a decade ago has seen a record number of savers put money towards their retirement, according to figures released by the Department for Work and Pensions (DWP).

The research revealed in 2021, more than 10.7 million employees across the private and public sectors were contributing towards a workplace pension and saved £114.6bn, representing an increase of £...

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 Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Multi-scheme buy-in deal, Aga Rangemaster appoints Schroders for FM brief, WTW research

Professional Pensions
clock 21 March 2025 • 1 min read
Pension organisations ranked by their Trustpilot scores

Pension organisations ranked by their Trustpilot scores

PP looks at the Trustpilot ratings of several UK pension organisations

Holly Roach
clock 21 March 2025 • 5 min read
Fragmentation and alignment issues 'undermining' asset stewardship

Fragmentation and alignment issues 'undermining' asset stewardship

Pensions for Purpose reports ‘inconsistencies’ in engagement and voting strategies

Holly Roach
clock 21 March 2025 • 1 min read
Trustpilot