New research reveals that the Government's latest initiative to get people saving towards retirement has so far exceeded the pension industry's expectations.
According to Scottish Widows' Workplace Pensions Report, only 8% of employees have opted out of being auto-enrolled into a workplace pension, far below industry forecasts of 30%.
Meanwhile, awareness of the Government initiative has grown substantially since the scheme was launched one year ago, from over a third of employees (39%) to almost two-thirds (65%) today.
Scottish Widows concluded, however, that there is still much work to be done as more companies gear up to auto-enrol their employees over the next few years.
Communication around workplace pensions remains poor, with nearly half (44%) of employees not aware of how much their employer contributes towards their pension scheme.
Around a third of companies are also not sure about what auto-enrolment pension arrangements they'll set up, with almost a quarter citing cost concerns as their biggest worry.
Learn more about auto-enrolment and what it means for you.
5 Reasons why you need a workplace pension
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