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<p>The government continues to advocate for the importance of pension saving which
offers greater financial resilience in later life. Automatic Enrolment (AE) has transformed
pension participation rates, with 86% of eligible private sector employees saving
into a workplace pension in 2021, up from 42% in 2012.</p><p> </p><p>AE was deliberately
designed with an opt-out to give people choice, enabling them to decide if saving
for a pension is right for them given their circumstances and affordability.</p><p>
</p><p>This is why when an individual makes the decision to pause or cease contributions,
the AE framework requires their employer to re-assess and re-enol their eligible employees
every three years, which prevents individuals from falling out of pension saving in
the medium to long term.</p><p> </p><p>The re-enrolment regime has been successful,
seeing 1 million eligible job holders automatically re-enrolled since the introduction
of AE in 2012.</p><p> </p>
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