More than four million employees have now been auto-enrolled into a workplace pension, according to research by The Pensions Regulator (TPR).
Its monthly declaration of compliance report found that more than 21,000 employers have now completed their declaration of compliance, informing TPR how they have met their duties.
Charles Counsell (pictured), executive director of automatic enrolment at TPR, said: “A seaside hotel, a scrapyard, hi-tech factories, colleges, care providers, hairdressers and a designer all featured among the wide range of employers completing their duties this month.
“It is a mix that illustrates just how automatic enrolment is gradually becoming part of the fabric of running every type of workplace.
“This summer, we have begun the process of writing to hundreds of thousands of small employers informing them when they need to be ready to meet their new workplace pension duties.
“This letter is a call to action for employers. It directs them to the information they need to prepare for automatic enrolment.”
Steve Webb, pensions minister, added: “This latest milestone figure shows how saving in a workplace pension is now becoming the norm.
“Four million people have now been automatically enrolled into a workplace pension with many more saving for their retirement for the first time or saving more as a result.”
Figures revealed today that more than four million workers have now been successfully automatically enrolled into a workplace pension is excellent news for UK savers. Pension schemes and employers have put huge amounts of work into setting up and enrolling workers into millions of pension accounts.
Workplace pension schemes have always provided one of the very best ways to save for retirement, and automatic enrolment offers the greatest chance of getting people into the habit of saving for their retirement.
Millions of UK workers can now look forward to a more comfortable retirement, with money to top up their state pension.