Workplace Pension Participation and Savings Trends 2008-2018

The DWP has published their finding on workplace pension savings in the document Workplace Pension Participation and trends of eligible employees 2008 – 2018. These official statistics provide breakdowns of two key measures for evaluating the progress of automatic enrolment implementation: increasing the number of savers, by monitoring trends in workplace pension participation and persistency of saving; and increasing the amount of savings, by monitoring trends in workplace pension saving.
The main findings were:
72% of eligible employees have saved into a workplace pension in at least three of the last four years, the DWP’s measure of persistency of saving;
The annual total amount saved by eligible savers stood at £90.4bn in 2018; and
87% of eligible employees were in a workplace pension in 2018.