Employees want to know more about auto-enrolment

Three-fifths (59%) of respondents who do not currently belong to a pension scheme are still not aware of auto-enrolment, but 55% are keen to find out more about it, according to research by Standard Life.

The research, which was conducted with YouGov, surveyed 2,125 UK adults, of which 1,098 confirmed they were workers and 387 did not have a pension.

The research also found:

  • 83% of respondents who would be interested in finding out more would expect to find out more from their employer, while 54% would expect to hear more from the government.
  • 58% of respondents said they would like to know more about how much they would need to contribute, 40% said they would like to find out more about when they would start paying, and 23% said they are keen to know about the investment options.
  • 27% of respondents who do not currently have a pension said they would like to know more about opting out.
  • 57% of respondents who currently have a pension are already aware of auto-enrolment.

Ann Flynn, head of workplace marketing at Standard Life, said: “For many employers and employees in the UK, the introduction of auto-enrolment is still some way off, due to the staggered start dates, so we wouldn’t necessarily expect all employees to be aware of it right now.

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“However, it is reassuring to know there is a real appetite for more information among those who aren’t yet scheme members and that people are keen to understand more about what it means to be enrolled.

“Auto-enrolment has the potential to help many more people save for their retirement, with contributions being made for them by their employer and the government too.”