Asked by: Mark Hoban (Conservative - Fareham)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how many people who had no prior pension savings have been enrolled under automatic enrolment into workplace pension schemes.
Answered by Steve Webb
The information requested is not available.
The latest information published by The Pensions Regulator shows that over 4.7 million eligible jobholders have been automatically enrolled into a workplace pension. It is not possible to identify how many of these jobholders had no prior pension savings.
Asked by: Mark Hoban (Conservative - Fareham)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what proportion of people enrolled under automatic workplace pension schemes have chosen to opt out after (a) six, (b) nine and (c) 12 months.
Answered by Steve Webb
The information requested is not available.
Findings from qualitative research with large employers show the overall opt out rate was around 9 per cent. Most individual employers had an opt out rate between 5 and 15 per cent. Opt out is only possible within the opt out window which is one month after being automatically enrolled.