Private sector pension saving rising with young people
16 October 2014
The latest Department for Work and Pensions (DWP) research shows significant increases in pension saving among younger workers, no doubt mainly attributable to automatic enrolment.
The research shows that there were 6.7 million eligible workers in the private sector saving in a pension in 2013 (46%) – up from 5.9 million (42%) in 2012. And the highest rate of increase is found among workers in their twenties.