Since auto-enrolment was introduced in 2012, over 10 million more people have been saving into a workplace pension.1 Of all eligible employees in 2021, 88% were participating – up from less than half before auto-enrolment came into place.2
Despite its positive effect on the number of people saving into a workplace pension, there have been inconsistencies with auto-enrolment identified between different groups of employees. We partnered with the University of Edinburgh Business School to explore the impact of auto-enrolment over the last decade, and whether it has helped or hindered saving psychology. The results found clear differences between certain demographics.
Here’s our key findings based on different groups of people, and what this means for supporting your employees in the workplace.
Unless otherwise stated, statistics are taken from our research carried out with a nationally representative group of 2,000 UK adults between June and September 2022.