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Burton’s MP welcomes the “new normal” for workplace saving

Thursday 22nd February 2018 (Andrew Griffiths)
Burton’s MP welcomes the “new normal” for workplace saving

New figures show that 11,000 more people in Burton and Uttoxeter are now saving more for their retirement.

Local MP Andrew Griffiths has welcomed new figures showing that, due to changes to workplace pensions, over 9 million more people are now saving for retirement. 

These figures also show that 72,830 more people in work across the West Midlands are now saving for a life after work.

Auto-enrolment was introduced so that more workers can save for retirement, and the Government’s plan means that workers can afford these changes. 

The latest research shows that workplace pensions have become the “new normal”, while small businesses found a pension scheme for their workers to be “necessary” and “sensible”. 

Andrew said: “By introducing automatic pension enrolment, we’re transforming the way people save for retirement.  That means more families can plan for the long-term with the security of a pension.

“For a whole generation, workplace pension saving is now the new normal, but there’s more to do to help more people than ever before build an enjoyable and secure retirement.”

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