18 million people now saving into workplace pensions

More than four in five (84%) eligible employees were participating in 2017, up from 77% in 2016, with the private sector participating rate climbing nine points to 81%. In the public sector, active membership grew from 91% to 92%. The figures are significantly higher than before the introduction of auto-enrolment (AE) in 2012. In the year prior, just 42% of private sector workers - or 5.8 million people - were saving, while the overall saving rate (including public sector) was 56% or 11 million people. The Department for Work and Pensions (DWP) also show around £90.3bn was saved in 20...