Nearly nine in 10 eligible workers were saving into a workplace pension by the end of 2018, with £90.4bn of contributions put aside for retirement, government statistics reveal.
Auto-enrolment (AE), and re-enrolment, increased the number of participating employees by three percentage points to 87% over the 12-month period. The Department for Work and Pensions' (DWP) latest statistics on workplace pension participation and savings trends, published today (5 June), found participation was highest, but stagnant, among public sector employees, but had risen sharply in the private sector as AE was rolled out. In total, 18.7 million people were saving into a workplace pension by the end of last year; of these, 13.9 million worked in the private sector, the vast maj...
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