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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Industry

SPP sets out reforms to help address adequacy challenge

SPP sets out reforms to help address adequacy challenge

SPP says millions face inadequate retirement unless government enacts ‘significant’ reforms

Holly Roach
clock 08 July 2026 • 1 min read
News Digest: Pension scheme crisis: Cabinet Office sets out 'enforcement' plan

News Digest: Pension scheme crisis: Cabinet Office sets out 'enforcement' plan

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 08 July 2026 • 1 min read
M&G launches campaign to help savers see how pensions are working for them

M&G launches campaign to help savers see how pensions are working for them

PruFunded campaign will use real-world examples to show how savings can support businesses

Holly Roach
clock 07 July 2026 • 1 min read
Trustpilot