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Pension reform to boost take-up

The largest shake-up of the pension system in more than a century will mean more than half a million people will be saving for one for the first time by Christmas, according to the Government. Employees are to be automatically enrolled into schemes.

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Iain Duncan Smith hails a 'vital reform'

This is a vital reform and I'm proud the Coalition has made it a reality.

Automatic enrolment will get up to 9 million more people saving into a workplace pension and for many it will be the first time they have had the opportunity to save.

It will allow people to start planning for their retirement and this will make it easier for them to start putting something aside, along with a contribution from their employer.

– Iain Duncan Smith, Work and Pensions Secretary

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