Automatic enrolment reaches 8 million

9th August 2017


The Pensions Regulator (TPR) has confirmed than eight million employees have signed up for a workplace pension since the launch of automatic enrolment.

The introduction of automatic enrolment was expected to lead to around eight million workers saving more for their retirement and this milestone has already been reached with hundreds of thousands more employers still to enrol staff over the coming months.

Minister for Pensions and Financial Inclusion Guy Opperman said:

‘Reaching this eight million figure is a formidable achievement and represents a huge number of people on the path to a more financially secure retirement.’

‘But we cannot be complacent and as contribution rates rise we know there is more to be done. That’s why our automatic enrolment review, which will report back later this year, is so vital to the future of this life-changing policy.’

TPR’s report shows that at the end of June 2017, 8,165,000 workers were enrolled in workplace pensions. Darren Ryder, TPR’s Director of Automatic Enrolment, said:

‘Tens of thousands more people every week are signing up to a new workplace pension through automatic enrolment. Employers are continuing to become compliant and to remain so, allowing their staff to get the pensions they are entitled to.’

‘There are more than 500,000 more employers whose duties are still to begin over the coming months. I would urge each and every one of them to check today that they know what they need to do and when they need to do it so they can seek our help if they need it.’

If you would like help or advice on complying with your Auto Enrolment duties please do get in touch.

Read the full Report

Blog content – Mercia-Group

Other items in Blogs
Emily Haines
21st March 2018 Understanding Payments on Account

  Payments on Account (POA) tend to cause confusion for individuals submitting a Self Assessment Tax Return and may result in cash flow issues for some taxpayers. POA are payments which HMRC require in advance for the current tax year, based on the liability in the previous year. You will have to make POA if…

Read More »

Amanda Newman
16th March 2018 MTD is coming

If your turnover is over £85k and you are VAT registered, you now have just over twelve months to ensure you are using HMRC approved accounting software to be able to be able to submit your VAT return. HMRC’s timeline is now as follows:  

Read More »

Emily Haines
15th March 2018 Payroll Year End

With 5 April fast approaching, you must ensure that you send your final Full Payment Submission (FPS) on or before your employee’s final pay day within the tax year, ensuring that you tick to confirm that this is the final submission for the year on your payroll software. If you forget to tick this box,…

Read More »

Ian Piper
15th March 2018 Chancellor’s Spring Statement: As it affects TechCo’s

  As we all get used to the Chancellor’s main Budget now being in the Autumn, he still chose to make a few policy announcements in his Spring Statement yesterday. Items of interest to those running technology companies included: Stagnant growth. Despite the ‘Light at the end of the tunnel’ strapline for his speech, the…

Read More »

Julie Quayle
15th March 2018 Employer auto enrolment pension contribution set to double with effect from 6th April 2018

  All employers and employees currently paying the minimum contribution of 1% will have to factor contribution increases into their cashflow in order to meet the rise in the level of auto enrolment funding. From 6 April 2018 to 5 April 2019, the employer minimum contribution will increase to 2% with staff contribution equalling 3%.…

Read More »

Peter Brown
9th March 2018 Quickbooks Connect

  The “Beast from the East” didn’t stop Accountants, the Self-Employed, Developers and Small businesses as they attended QuickBooks Connect London on 27th and 28th February. Attendees from all over the world had gathered to develop the knowledge in QuickBooks online, meet QuickBooks Add-on Exhibitors, hear from featured speakers who were specialists in their industry…

Read More »