{"id":46559,"date":"2014-08-18T23:15:09","date_gmt":"2014-08-18T23:15:09","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=08668708555273bc3471895a885393fe"},"modified":"2014-08-18T23:15:09","modified_gmt":"2014-08-18T23:15:09","slug":"press-release-workplace-pensions-becoming-social-norm","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=46559","title":{"rendered":"Press release: Workplace pensions becoming \u2018social norm\u2019"},"content":{"rendered":"
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A survey of working age adults has found that almost 3 quarters of the population are aware of automatic enrolment, the flagship government policy which just last week marked the milestone of seeing 4 million people brought into workplace pension schemes.<\/p>\n

It follows an advertising push by the government to encourage people to save more for the future, featuring well known business figures including Dragons\u2019 Den investor Theo Paphitis and vice-chairman of West Ham United and The Apprentice star Karren Brady.<\/p>\n

The poll, conducted by Ipsos MORI on behalf of the Department for Work and Pensions (DWP<\/abbr>), also found that 78% of people believe employers being compelled by law to automatically enrol their workers is a good thing. By 2018, all UK employers will be obliged to offer a workplace pension scheme and automatically enrol qualifying staff. <\/p>\n

Almost half of people polled agreed that saving into a workplace pension is \u2018the normal thing to do\u2019. <\/p>\n

Pensions Minister Steve Webb said the results showed encouraging progress but also demonstrated there is more to do on conveying the importance of long-term saving to British workers. He said:<\/p>\n

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It\u2019s fantastic that so many people are now talking about workplace pensions. Increasingly, people are waking up to the fact that it pays to think about the future and consider the kind of retirement we want.<\/p>\n

But we still have a mountain to climb. Recent DWP<\/abbr> research found that close to half of working age people are failing to save enough to maintain their standard of living into old age, so there is more to do.<\/p>\n

The fact is that almost everybody who has the chance to enrol into a workplace pension would benefit in the long run from doing so \u2013 we really do need to be evangelical about spreading that message.<\/p>\n<\/blockquote>\n

The research has been conducted as part of an evaluation process for the DWP<\/abbr>\u2019s ongoing workplace pensions advertising campaign \u2013 We\u2019re all in<\/a> \u2013 and also includes encouraging results on the effectiveness of the drive.<\/p>\n

It shows that 3 in 10 working age people have taken action as a result of seeing the adverts, with around a quarter having talked about workplace pensions with friends, family or colleagues some time in the past 12 months.<\/p>\n

Of the key messages put across by the DWP<\/abbr>\u2019s adverts, the most recognised was \u2018If you put money into your workplace pension, your boss will too\u2019.<\/p>\n

More information<\/h2>\n

Read the full findings of the latest automatic enrolment research<\/a>.<\/p>\n

Read details of the DWP<\/abbr>\u2019s previous research on the numbers of people under-saving for retirement<\/a><\/p>\n

The survey was undertaken by Ipsos MORI on behalf of DWP<\/abbr>, with a sample of 2,445 adults of working age interviewed between 21 March and 6 April 2014.<\/p>\n

Automatic enrolment means that instead of choosing whether to join a workplace pension scheme, individuals will have to actively decide to opt out. The incentive to save is reinforced by a mandatory minimum employer contribution and tax relief. <\/p>\n

More than 4 million people have now been automatically enrolled into a workplace pension \u2013 and all Britain\u2019s large employers are now on board. This brings the number of employees in a workplace pension scheme up to more than 11.7 million, reversing a previous downward trend since 2003.<\/p>\n

We are now starting the major challenge of introducing small businesses \u2013 many of which will be providing pensions for the first time. Around 30,000 to 35,000 employers will come on board this year (2014 to 2015). The roll-out of automatic enrolment to all employers will be complete by 2018.<\/p>\n

Contact Press Office<\/h2>\n

Media enquiries for this press release \u2013 0203 267 5120<\/p>\n

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Press Office<\/h3>\n
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\nCaxton House
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\nTothill Street<\/span>
London<\/span>
SW1H 9NA<\/span>\n<\/p>\n

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\n London Press Office (national media and London area enquiries only \u2013 not questions about personal claims)<\/span>
\n 020 3267 5144\n <\/p>\n

\n Out-of-hours (journalists only)<\/span>
\n 076 59 108 883\n <\/p>\n

\n England and Wales (local media enquiries)<\/span>
\n 029 20 586 then 097 or 098 or 099\n <\/p>\n

\n Scotland (local media enquiries)<\/span>
\n 0131 310 1122\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Follow DWP<\/abbr> on:<\/p>\n