Increase in AE workers slows in August

Growth in auto-enrolled employees slowed in August, with an additional 12,000 workers being auto-enrolled into workplace schemes, according to data from The Pensions Regulator (TPR).

This compares to an increase of 23,000 workers in July, and 14,000 in June.

TPR’s Automatic enrolment (AE) declaration of compliance report showed that a total of 10,348,000 people were enrolled in AE schemes as at August 2020.

The number of eligible workers not auto-enrolled has also slowed in growth over the past month, with an additional 17,00 workers eligible but not saving into an AE scheme, compared to an increase of 21,000 in both June and July.

The number of employers who confirmed the completion of their declaration of compliance during August increased by 10,771, to 1,716,498.

However, this is again a slower level of growth than seen previously, with increases of 13,953 and 11,774 recorded in June and July respectively.

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

Responsible investing
Laura Blows speaks to Standard Life head of investment solutions, Gareth Trainor, about the latest responsible investment trends and developments for providers, pension schemes and their members
ESG and member engagement
Laura Blows speaks to Legal &General Investment Management head of DC, Emma Douglas, and Nest Insight Director of Research and Innovation, Jo Phillips, about member attitudes towards ESG and how this may impact upon pension fund investments