Automatic enrolment scores 3 million

13 March 2014

More than three million workers have now started saving into a workplace pension scheme as a result of automatic enrolment.

Over 3 million workers have begun saving into a workplace pension scheme as a result of automatic enrolment, according to figures from The Pensions Regulator.

The 3 millionth worker is employed by West Ham United, whose Vice Chairman Karren Brady backed the roll out of the new workplace pension scheme.

This month’s automatic enrolment registration report shows that more than 10,000 employers of all types from charities to supermarkets, hospitals to football clubs have now automatically enrolled their workers.

July 2012 – end February 2014

 

1. Employers that confirmed to the regulator they have met their duties by  registering during the period	10,503
2. Total workers of the registered employers in 1 above, comprising:	15,274,000
i) eligible jobholders automatically enrolled into an automatic enrolment pension scheme	3,210,000
ii) workers who are already active members of a qualifying scheme on the staging date	7,782,000
iii) eligible jobholders who have had the defined benefit or hybrid scheme transitional arrangements applied to them	414,000
iv) workers who do not fall into the above categories	3,868,000

These figures were released in The Pension Regulator’s monthly registration report, which can be viewed in full here.