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The Workplace Pensions Report 2016

Since its launch in 2012, automatic enrolment into a company pension scheme has seen great success in bringing more people into long-term saving. This year’s report shows that the proportion of people saving adequately for their retirement has remained at 56% although the number of people saving nothing has fallen, as smaller businesses start to enrol workers into workplace pensions.

Download the Scottish Widows Workplace Pensions Report 2016

Here are some of our key findings:

  • Employees are looking to employers for more guidance and the type of support they most want varies from age to age.
  • Although minimum pension contributions are set to increase from 2018, encouragingly, only 3% say they will opt out of their company pension scheme.

For employer use only.