90% of employees staying in auto-enrolment pension scheme, says DWP
Business news 09 Aug 2013
Nine out of ten employees automatically enrolled into a workplace pension are choosing to remain in the scheme, latest figures suggest.
After gathering data from the country's 50 largest employers, the Department for Work and Pensions (DWP) has revealed that the average auto-enrolment opt-out rate is just 10%.
The Government had predicted that around 25% of individuals automatically enrolled into a pension would choose to leave the scheme.
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