AE leads to record numbers of workplace pension savers

Workers saved £114bn into pension pots in 2021, compared to £81.7bn in 2012

Martin Richmond
clock • 2 min read
AE leads to record numbers of workplace pension savers

The introduction of auto-enrolment (AE) a decade ago has seen a record number of savers put money towards their retirement, according to figures released by the Department for Work and Pensions (DWP).

The research revealed in 2021, more than 10.7 million employees across the private and public sectors were contributing towards a workplace pension and saved £114.6bn, representing an increase of £...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Small pensions pot consolidator launched, Mansion House Compact II draft circulated, TPR superfund blog

Professional Pensions
clock 25 April 2025 • 1 min read
Utmost posts 90% annual AUA increase after entrance to UK BPA market

Utmost posts 90% annual AUA increase after entrance to UK BPA market

Group surpasses £100bn AUA mark but posts decrease in operating profit

Jasmine Urquhart
clock 25 April 2025 • 1 min read
Drive up social mobility to boost DEI initiatives, NextGen urges

Drive up social mobility to boost DEI initiatives, NextGen urges

Research finds industry focus groups have concerns over ‘diversity-washing’

Martin Richmond
clock 25 April 2025 • 4 min read
Trustpilot