Research reveals 800,000 workers being 'under-enrolled' in pension schemes

03 Sep 2020

Research carried out by the Resolution Foundation has revealed that 800,000 workers are being 'under-enrolled' in company pension schemes and are not receiving their legal employer pension contributions.

The latest report from the Resolution Foundation's ongoing investigation into labour market enforcement considers the extent of non-compliance with the pensions automatic enrolment scheme, and whether there are 'under-enrolment' hotspots that 'require closer scrutiny'.

The think tank found that the pensions auto-enrolment scheme has been a success overall, with more than ten million workers joining company schemes since 2012.

However, 'under-enrolment' is particularly acute among agency and minimum wage workers, according to the Resolution Foundation.

Hannah Slaughter, Economist at the Resolution Foundation, said: 'Around 800,000 workers across the economy are currently 'under-enrolled', and the problem is particularly acute among agency workers and those on the minimum wage, where around one in ten workers are not getting the pensions they deserve.

'Now is the time for The Pensions Regulator to step up its enforcement – supported by greater resources – as part of a wider agenda for the government to make Britain's post-COVID labour market a better environment for workers, and a far tougher one for the small minority of firms that break the law.'


xero quickbooks.png sage.png kashflow.png
Copyright

© 2021 Mark J Rees LLP. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
0116 2549018

Address
Mark J Rees LLP, Granville Hall, Granville Road, Leicester, Leicestershire LE1 7RU

Mark J Rees LLP is a Limited Liability Partnership Registered in England & Wales Number OC362074. A list of members’ names is available at the business address. MJR, Mark J Rees and MJR Wealth Management are trading styles of Mark J Rees LLP which is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and authorised and regulated by the Financial Conduct Authority.

‘Partner’ refers to a director of a corporate member.