Workplace Pensions: Private Sector
The question
To ask the Secretary of State for Work and Pensions, what assessment she has made of the adequacy of her Department's steps to enforce pension provision by private companies.
Answered by Torsten Bell
Enabling people to achieve security in retirement is a key priority for this Government.
Automatic Enrolment has seen 88% of eligible employees saving into a workplace pension, with participation remaining high throughout the Cost of Living challenges of recent years.
The Pensions Regulator is responsible for maximising compliance with the Automatic Enrolment duties, with over 2.5 million employers doing so to date.
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