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<p><strong> </strong></p><p>Automatic enrolment into workplace pensions was introduced
to enable more people to save for their retirement. So far over 8 million people have
been automatically enrolled into a workplace pension, reversing the decline in private
pension saving, including amongst younger workers, seen in the decade before the reforms
were introduced in 2012.</p><p><br>In March this year, the Office for National Statistics
published an estimate that around 160,000 employees aged 16-21 and 2.7 million employees
aged 22-29 were contributing to a workplace pension in 2016</p><p> </p><p>We are looking
at how we can build on this success over the longer term. Our current review of automatic
enrolment is looking at the existing coverage of the policy and the needs of those
not currently benefiting; strengthening the evidence base concerning future contributions;
and how we can encourage greater personal ownership of work place pension saving,
including by young people. The Review will report at the end of 2017.</p>
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