Almost nine in ten eligible pension savers across the UK were participating in a workplace schemes last year, with the figures proving a steady increase since 2012 is being maintained.
The Department for Work and Pensions' (DWP) Workplace pension participation & savings trends report, released today (2 September), gathers statistics from all members of qualifying workplace schemes, including group personal pensions and group stakeholder pensions. Overall participation of eligible employees was 88% in 2020, representing 19.4 million savers, and similar to levels recorded for 2019. A total £105bn was saved last year - £58.9bn in the private sector and £47.1bn in the public sector. Within the total, £36bn was attributable to employer contributions in the private sec...
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