The DWP surveyed 754 employees and says 64 per cent believe that automatic enrolment into a workplace pension with an employer contribution is an attractive option.
Pensions Minister Rosie Winterton says: “We are all living longer, healthier lives, with increasing expectation for our lifestyles in retirement. But we know that there are around seven million people not saving enough for retirement, which is why we introduced these reforms. More and more people are becoming aware of the need to save for later life, and appreciate that these reforms will have an important role to play in ensuring that people can look forward to the sort of retirement they have in mind.”
The department also surveyed over 2,000 employers and found that nearly 60 per cent say the workplace pension reforms are a good idea.
Winterton says: “I welcome this indicative research that shows a majority of employers believe the workplace pension reforms to be a good idea. I look forward to continuing to work closely with employers to make sure they have the information and help they need as we implement these reforms.”