More than 10 million people will be newly saving or saving more as a result of auto-enrolment by 2020, according to the latest figures from the Department of Work and Pensions (DWP).
The government department has also calculated some £17bn more a year will be saved into workplace pensions by auto-enrolment-inspired savers by 2019/20. The breakdown of the £17bn figure expects £6.4bn...
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Reforms not enough
An economic cocktail
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