Skip to content
Go back

Article Tags:

Please choose from the following:

More workers saving through auto-enrolment

By Wesleyan

Millions of people are putting money away for the future, thanks to a flagship Government scheme.

New figures show that automatic enrolment, which was launched in 2012, is helping almost 5.2 million employees save for their retirement.

These workers, employers and the Government all make contributions to pension pots under the scheme.

It initially started with the largest businesses enrolling their staff, but now medium-sized companies are following suit.

Small and micro employers will pick up the baton and start enrolling members of staff from June this year.

Up to nine million people are expected to be newly saving or saving more by the time the roll-out is complete by 2018 - and Minister for Pensions Steve Webb has hailed the positive impact of the scheme.

He says it is benefiting the nation's workforce and describes it as a pensions system that is fit for the future.

Copyright Press Association 2015

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

Click for more information about the Wesleyan group of companies.

© 2021 Wesleyan Assurance Society