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416364
star this property registered interest false more like this
star this property date remove filter
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading Occupational Pensions: Private Sector more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, what assessment he has made of the effect of auto-enrolment on private sector pension saving. more like this
star this property tabling member constituency Crawley more like this
star this property tabling member printed
Henry Smith remove filter
star this property uin 8900 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2015-09-14more like thismore than 2015-09-14
star this property answer text <p /> <p>Over 5.43 million workers have now been automatically enrolled into a workplace pension by their employer, many for the first time. This has reversed the downwards trend seen in workplace pension participation rates since 2003.</p><p> </p><p>So far opt out has been around 10 per cent, which is significantly lower than the original DWP estimate of around 30 per cent. This has seen the programme opt out assumption being adjusted to 15 per cent overall for the lifetime of the programme.</p><p> </p><p> </p><p>Automatic Enrolment will give around 10 million people the opportunity to save into a workplace pension - we expect to see 8 to 9 million people newly saving or saving more, generating £11 billion a year more in workplace pension saving by 2020.</p> more like this
star this property answering member constituency North Swindon more like this
star this property answering member printed Justin Tomlinson more like this
star this property question first answered
less than 2015-09-14T11:35:08.097Zmore like thismore than 2015-09-14T11:35:08.097Z
star this property answering member
4105
star this property label Biography information for Justin Tomlinson remove filter
star this property tabling member
3960
unstar this property label Biography information for Henry Smith more like this