Only 9% of employees reject joining Workplace Pensions state DWP
Research by the Department for Work and Pensions (DWP) has found that on average only 9% of employees have opted out of auto-enrolment.
It said over 90% of people who have been placed into a workplace pension by their employer are staying in.
Its findings suggest young people are leading the way in the savings revolution, with more under 30s staying in a pension schemes than other age groups.
This news comes on the back of figures published last month by the Pensions Regulator (TPR) that showed over one million workers have been enrolled into a pension. By 2018 it is expected that between six and nine million people will be saving more into a pension or join a scheme for the first time.
Employers need help understanding there responsibilities when it comes to Workplace Pensions. Bleathwood is looking to help those SME's who employ up to 20 or 30 employees through the maze of Workplace Pension and with our experience in this marketplace are well placed to offer this level of support and advice