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<p>Automatic enrolment into workplace pensions was introduced to enable more people
to save for their retirement. At the end of January 2017, more than 7.3 million people
had already been automatically enrolled.</p><p> </p><p>Minimum contributions are currently
a total of 2 per cent (with at least 1 per cent from the employer). The amount people
save through automatic enrolment is already set to increase to 5 per cent (with at
least 2 per cent from the employer) in April 2018 and 8 per cent (with at least 3
per cent from the employer) in April 2019.</p><p> </p><p>Automatic enrolment has reversed
the decline in private pension saving since the last decade. As part of the review
of the policy we have embarked on this year, we will look at how we can build on this
success. In addition to considering those not currently benefitting from the policy,
we will also look at strengthening the evidence base concerning future contributions,
and how we can maximise engagement with work place pension saving. <br></p>
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