Seven in ten to remain auto-enrolled - DWP

clock

A clear majority of people will remain in a workplace pension once auto-enrolled, a Department for Work and Pensions (DWP) survey has found.

Attitudes to Pensions: The 2012 survey research showed 70% of those eligible for automatic enrolment said they were likely to stay in their pension scheme. It also showed 68% believed auto-enrolment was a good idea. The research, in its third tranche after similar surveys in 2006 and 2009, asked 1,949 respondents in face-to-face interviews. This is a slight improvement on research done earlier this year which showed the DWP expected two thirds to remain in their pension while 9% would definitely opt out. Pensions minister Steve Webb said the results showed most people would stay in...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read
Examining the 60/40: Building diversified portfolios in 2023

Examining the 60/40: Building diversified portfolios in 2023

Advisers have a lot to consider when it comes to portfolio diversification

Charlotte Moore
clock 14 April 2023 • 6 min read
Schroder Investment Solutions expands distribution of MPS

Schroder Investment Solutions expands distribution of MPS

Expanding the range of DFM choice on the Parmenion platform

Ayesha Venkataraman
clock 06 December 2022 • 2 min read