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.'

Copyright

© 2021 Andrew Wright & Co.. All rights reserved.

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

Please call:
01924 379479

Address
Andrew Wright & Co., 10 Cliff Parade, Wakefield, West Yorkshire WF1 2TA


In the UK the term accountant is not protected by law, therefore anyone can call themselves an accountant. Being an ACCA member firm means that you can have confidence that we are qualified to handle your finances, help your business grow and that we are regulated by the leading accountancy body in the world. The ACCA Qualification provides a wide-ranging skill-set, which means we are trained to provide both strategic and operational input and adapt quickly to your changing management accounting needs.

Unqualified persons who have trained for book-keeping or tax only simply aren't able to provide these other services as their skillset is too narrow.

Andrew Wright & Co is a trading style of Andrew Wright & Co Limited. Registered in England and Wales: 10641250. Registered office: 10 Cliff Parade, Wakefield, West Yorkshire, United Kingdom, WF1 2TA.