New figures show that 9,000 more people in Pendle are now saving more for their retirement.
Andrew Stephenson MP 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 91,420 more people in work in the North West are now saving for a life after work.
Auto-enrolment was introduced so that more workers can save for retirement, while our 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’.
Pendle MP Andrew Stephenson said: “By introducing automatic 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.”