A spokesperson for the Department for Work and Pensions said: “Automatic Enrolment has succeeded in transforming pension saving. Prior to its introduction in 2012, just 55 percent of eligible employees saved into a workplace pension. By 2021 this had risen to 88 percent, with an additional £33 billion saved in real terms in 2021 compared to 2012. Our plans to expand Automatic Enrolment will help millions to save more into their pension and start saving sooner.”
tara.o'connor@ft.com
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