AE worker increase accelerates in July

Growth in auto-enrolled employees accelerated in July, with an additional 23,000 workers being auto-enrolled into workplace schemes, according to data from The Pensions Regulator (TPR).

This was almost double the increase that was recorded in June, when 14,000 workers were auto-enrolled into schemes.

TPR’s Automatic enrolment (AE) declaration of compliance report showed that 10,336,000 people were enrolled in AE schemes, as at July 2020.

The number of eligible workers not auto-enrolled saw a similar increase in July, with an additional 21,000 workers eligible but not saving into an AE scheme.

The increase remained steady from June, when 21,000 more workers were eligible but not auto-enrolled.

The number of employers that confirmed completion of their declaration of compliance during July increased by 11,774 to 1,705,727, marginally above June’s increase of 13,953.

The total number of workers covered by these employers was 32,281,000, up 59,000 on the same point a month beforehand.

The figures are compiled from information submitted by employers when they complete their declaration of compliance with auto-enrolment.

TPR said the figure for automatically enrolled jobholders was likely to be higher than that shown in the report, as some employers will have reached their duties start date and automatically enrolled their eligible employees without having completed their declaration.

    Share Story:

Recent Stories

How the bulk annuity market is changing
Laura Blows speaks to Peter Jennings and Prash Mehta from Just about trends in the bulk annuity market and how this could impact trustees hoping to secure insurer engagement in 2022 and beyond
DC master trusts
Pensions Age editor Laura Blows, editor of Pensions Age look at developments within the DC master trust market with Paul Leandro, partner at Barnett Waddingham, and Mark Futcher, partner and head of DC at Barnett Waddingham.

Advertisement Advertisement