Automatic enrolment has achieved a quiet revolution through getting employees into the habit of pension saving, and reversing the decline in workplace pension participation in the decade prior to these reforms. Workplace pension participation rates are being transformed with 87% of eligible employees saving into one in 2018, up from 55% in 2012.
The DWP does not hold data for individual constituencies in relation to opt outs or the number of individuals who have saved above the automatic enrolment minimum contribution level. However, we do know that overall around 9% of automatically enrolled workers have chosen to opt out which is significantly below original estimates; and our latest evaluation report shows that, in April 2017, approximately 5.9 million eligible employees were already meeting the April 2019 minimum contribution rates.
In the Birmingham, Edgbaston constituency, since 2012, approximately 10,000 eligible jobholders have been automatically enrolled and 1,630 employers have met their duties.
Automatic Enrolment Evaluation Report 2018, available via the following weblink: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/764964/Automatic_Enrolment_Evaluation_Report_2018.pdf.
The Pensions Regulator’s data on Automatic enrolment declaration of compliance by constituency, available via the following weblink: https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis/data-requests