More people than ever are now saving for retirement through occupational pension schemes.
The number of savers rose 12 per cent from £13.5 million to £15.1 million in 2016, according to Office for National Statistics data.
Active membership of defined contribution pension schemes increased to 7.7 million from 6.4 million two years ago.
The survey that tracks how much people save shows that while active membership of schemes is getting bigger, the average member contributions to schemes remains low.
Average contributions to private sector schemes remain low at 3.4 per cent per member, split 1.2 per cent from the member and 2.1 per cent from their employer.
Hargreaves Lansdown senior analyst Nathan Long says: “The growth in pension savers shows auto-enrolment has been spectacular at changing the financial future of the nation. Attention should now shift to helping everyone gain the confidence to take control of their own retirement if they want to.
“The amount people are paying in needs to rise but will automatically go up to 8 per cent of earnings when rules change in April next year.”