Automatic Enrolment Evaluation Report 2015

This document describes a summary of the 2015 Automatic Enrolment evaluation report by the UK's Department for Work and Pensions, which examines the effectiveness of the automatic enrolment policy in increasing private pension savings. The policy mandates employers to enroll eligible workers into pension schemes to combat insufficient retirement savings. The evaluation used various data sources and annual reports to monitor the policy's progress and found that over 5.47 million workers were enrolled, with a 10% opt-out rate. There was a notable increase in employer and intermediary awareness, participation in workplace pensions, and total savings, with the NEST scheme showing significant growth. The report also discusses the impact on employers, including costs and attitudes, and the long-term effects on retirement incomes. It highlights the success in boosting pension savings across different demographics and underscores the importance of ongoing support and communication to sustain these outcomes. **This summary was written by an AI model and therefore should not be considered a definitive summary of the report. If you are aware of inaccuracies, please email evaluation.registry@cabinetoffice.gov.uk.**

Description

• Lead department: Department for Work and Pensions
• Evaluation stage: A complete evaluation report
• Other departments: No other departments listed
• Evaluation types: Impact evaluation
• Impact methods: Theory-based methods
• Theory-based methods: Realist evaluation
• Grant information: This intervention is not distributing funding via a grant
• Government Major Project information: This intervention is not a major project
• Policies: No policies provided

Event Dates

• Event Name: Publication of final results
• Event date: October 2015

Evaluation Costs

• Cost: Not provided

Evaluation sharing

• Link(s) to published report(s): Yes
• Links to evaluation plans: No link provided
• Findings: Not provided
• Permission to share confirmed: Yes