DWP admits auto-enrolment figures were wrong

In a ministerial statement published today, the DWP said only 55% of eligible workers will be auto-enrolled by 2015, compared with a December projection of 70%. The DWP has revised its modelling assumptions for large and medium-sized firms, whose workforces will be auto-enrolled by 2015, because there are higher levels of existing participation in pensions than in small and micro firms. It said: "This means that a lower proportion of workers in large and medium sized firms will need to be automatically enrolled. "A lower proportion of the nine to ten million workers eligible for au...