Henry Smith MP welcomes the ‘new normal’ for workplace saving

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New figures reveal that some 47,000 additional people in Crawley are now saving more for their retirement.

Henry Smith 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 128,250 more people in work in south east England are now saving for a life after work.

Auto-enrolment was introduced so that more workers can save for retirement, while ensuring that workers can afford these changes.

The latest research demonstrates that workplace pensions have become the ‘new normal’, while small businesses found a pension scheme for their workers to be ‘necessary’ and ‘sensible’.

Henry said;

“By introducing automatic enrolment, the way people save for retirement is being transformed.

“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.

“I’m pleased Crawley is playing its part nationally with The People’s Pension head office based in Manor Royal.”

Follow Henry daily via:
www.twitter.com/HenrySmithUK
www.facebook.com/HenrySmith4Crawley
www.youtube.com/HenrySmithMP
www.henrysmith.info

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