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

DC consolidation concern, TPO order for trustee director, CDC consultation responses

Professional Pensions
clock 22 November 2024 • 1 min read
Mansion House proposals 'ambitious' and 'huge task' for industry

Mansion House proposals 'ambitious' and 'huge task' for industry

Industry experts says consolidation into megafunds presents ‘complexity’

Holly Roach
clock 22 November 2024 • 2 min read
XPS Group revenues up 23% to £113.4m in six months

XPS Group revenues up 23% to £113.4m in six months

Consultancy says advisory and administration accounting grew for tenth half year of year-on-year growth

Jasmine Urquhart
clock 21 November 2024 • 2 min read
Trustpilot