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Written question asked by Mark Hoban (Conservative) on Monday, 27 October 2014, in the House of Commons. It was due for an answer on Wednesday, 29 October 2014. It was answered by Steve Webb (Liberal Democrat) on Monday, 3 November 2014 on behalf of the Department for Work and Pensions.


Workplace Pensions

Question

To ask the Secretary of State for Work and Pensions, what proportion of people enrolled under automatic workplace pension schemes have chosen to opt out after (a) six, (b) nine and (c) 12 months.

Answer

The information requested is not available.

Findings from qualitative research with large employers show the overall opt out rate was around 9 per cent. Most individual employers had an opt out rate between 5 and 15 per cent. Opt out is only possible within the opt out window which is one month after being automatically enrolled.


Secondary information

Type
Written question
Reference
212140
Session
2014-15
Subjects
Workplace pensions
Contains statistics
Yes
Link
View this Written question on www.parliament.uk