Occupational Pensions

(asked on 27th October 2014) - View Source

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
 Portrait
Steve Webb
This question was answered on 3rd November 2014

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.

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