Workers turn away from pensions

Written By Unknown on 19 September 2012 | 16.21

The number of people actively paying into a workplace pension scheme dropped for a third consecutive year in 2011, official figures show.

Some 8.2 million people were active members of pension schemes at work, down from 8.3 million the previous year, the Office for National Statistics said (ONS).

The fall came from a dip in membership in the private sector.

However, the figures are expected to pick up as a new pension policy starts.

A policy of automatic enrolment will be phased in from October that will see workers signed up to a workplace pension scheme, unless they opt out.

The government hopes that the policy - one of the biggest ever changes in the UK pension landscape - will encourage more people to save for their old age.

19 Sep, 2012


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Source: http://www.bbc.co.uk/news/business-19646526#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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