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
- ENDS -
For further information please contact:
Helen Morrissey, Corporate PR Specialist – Long Term Savings
- Email: firstname.lastname@example.org
- Mobile: 07919 170 712
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.
At Royal London, we’re proud to champion the value of impartial advice. We believe it plays a crucial role in connecting people with the products that are right for them – and is key to delivering better outcomes and experiences for our customers. At the same time, it helps to build trust in our products and services.
Royal London works alongside advisers not in competition with them. That’s why we’ve made some key commitments to the intermediary market. You’ll find more detail on our commitment to advisers at http://adviser.royallondon.com/campaigns/our-commitments/