5 million signed up to AE pensions
Nearly 5.2m people have been enrolled into a workplace pension scheme under auto-enrolment, figures from the Department for Work and Pensions show.
Auto-enrolment was launched in 2012, initially with only the largest businesses enrolling their staff into a workplace pension scheme.
By 2018, when the roll-out is complete, it is expected up to 9m will have begun saving.
Pensions minister Steve Webb said:
Over the past five years we have carried out root and branch reform to create a pensions system that is fit for the future. Millions more people are now putting something by for their retirement. People are living longer than ever and it is vital for their future prosperity that they save when they can.
Petaurum Solutions’ Comment
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Our Defaqto 5* quality Carey Master Trust Pension Scheme, comes with best in class assessment and communication software and is part of our SME specific, competitively priced end-to-end solution that will take care of the above, leaving you free to manage your business safe in the knowledge that your Auto Enrolment obligations are in professional hands. Want to know more? Then feel free to download our info pack here, or contact us to secure your PAE future.
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