The National Employment Savings Trust now has over one million members, it was announced today.

Nest chief executive Tim Jones said membership has grown from a few hundred members to one million in under two years.

“Reaching this milestone is an important moment for us, but there’s a lot more to do to make sure the millions due to be enrolled get a helping hand to save for their future,” he said.

Minister for Pensions Steve Webb said automatic enrolment is a “stunning success” and more than 3 million people are now saving in a pension for the first time or saving more, "reversing decades of decline and creating a new generation of savers".

“This is a landmark achievement and I would like to congratulate Tim Jones and his staff for enrolling their millionth member into workplace pension savings,” he said.

“Nest has a pivotal role in helping millions save for a more prosperous retirement.”

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