11 September 2018

Re-enrolment is key to keeping pension participation rates high

10 min read

 
Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Personal Finance Specialist

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Commenting on The Pensions Regulator’s recent auto-enrolment statistics Royal London’s Pension Specialist, Helen Morrissey, said:

"Today’s auto-enrolment statistics continue to show the important role this policy has played in boosting participation in workplace pension schemes. However, once we get people into pension schemes we need to make sure they stay in for the long term and that is where re-enrolment has an important part to play with some 572,000 employees re-enrolled up to August 2018. Participation rates are already high among the eligible population but re-enrolment will be vital in catching those people who have opted out in the past and engaging them with their pensions."

Notes for editors

TPR’s Auto-enrolment Declaration of Compliance Report can be found here: http://www.thepensionsregulator.gov.uk/docs/automatic-enrolment-declaration-of-compliance-monthly-report.pdf

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For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

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.

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