Fiona welcomes figures released this week that show one million employers are now enrolling their staff into a workplace pension.
Automatic enrolment was launched in 2012 and has been gradually rolled out with a number of 'staging dates' bringing existing employees and their staff into workplace pensions. Initially this began with the largest employers and today includes the smallest ones. This means as many as 9 million employees are now part of a workplace pension and are saving towards a more financially secure retirement.
Guy Opperman, Minister for Pensions and Financial Inclusion, said:
"With one million employers – from the small sandwich shop owner to the large supermarket chain – now enrolling their staff into a workplace pension, we are creating a nation of responsible employers who are reassuring their workforce that with their support, they will have a secure retirement."
"It is welcome news that so many people are now enrolled on workplace pensions and the reaction from companies has been encouraging. This important policy ensures that people in my constituency will have the security of a pension in their retirement."