Auto-enrolment hits four million milestone

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More than four million employees have now been automatically enrolled in a workplace pension, according to The Pensions Regulator (TPR).

Some 21,000 employers have completed their declaration of compliance since the government initiative was launched in 2012, figures from the watchdog showed. Pensions minister Steve Webb said: "This latest milestone figure shows how saving in a workplace pension is now becoming the norm. "Four million people have now been automatically enrolled into a workplace pension with many more saving for their retirement for the first time or saving more as a result." Colleges, care providers, hairdressers, hi-tech factories, a seaside hotel, a scrapyard and a designer were among the variety...

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