18 December 2018

DWP evaluation of automatic enrolment offers ‘rare good news’ on pensions

1 min read

Steve Webb - Director of Policy
Steve Webb

Director of Policy, Royal London


Commenting on the publication today of DWP’s 2018 evaluation of Automatic Enrolment, Steve Webb, Director of Policy at Royal London said:

“With so much doom and gloom about pensions, this report offers a rare glimmer of hope.   The amount of money going in to pensions through automatic enrolment is up over £4 billion in a year and the April 2018 step-up in contribution rates has done nothing to put people off pension saving.  Even where people opt out, over half a million have now been automatically ‘re-enrolled’ which will reinforce the message that saving in a pension is the normal thing to do when you have a job”.

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For further information please contact:

Steve Webb, Director of Policy, Royal London

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June 2018.