Over 300,000 eligible jobholders have been automatically-enrolled into an automatic-enrolment pension scheme for the period between July 2012 and March 2013 according to latest information published by the Pensions Regulator (TPR).
Statistics showed that 308,000 in this category were auto-enrolled. Employers have up to four months from their staging date to provide the regulator with information on automatic-enrolment. Information published today does not capture organisations staging after December 2012 who had yet to complete the registration process by the end of March 2013.
A total of 84 employers have confirmed to the regulator that they have met their duties by registering since July 2012 consisting of a total of just over two million employees.
Of the two million workers, 1.2m workers were already active members of a qualifying scheme on the staging date. A total of 117,000 were eligible jobholders who have had the DB or hybrid scheme transitional arrangement applied to them.
TPR executive director of automatic-enrolment Charles Counsell said: “The country’s largest employers – with more than two million workers between then – have met their duties under workplace pensions law. As a direct result of automatic-enrolment, hundreds of thousands more people across the UK are now saving into a workplace pension, joining the 1.2m of their colleagues who were already in a qualifying scheme. Some of these will have been contractually enrolled by consent into a qualifying scheme prior to their employers’ staging dates.
“The regulator continues its work to provide the vast numbers of employers still to stage with the information they and their advisers need to they can comply with the legislation and help millions more works save for retirement in the coming years.”











Recent Stories