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The increase, which reverses more than a decade of falling workplace pension scheme participation, is largely down to the government's automatic pension enrolment programme.
Millions of workers are currently being pushed into workplace pension schemes under the auto enrolment programme begun under Labour that by 2018 will see employees paying in 4% of salary plus 3% from their employer and 1% from the government.
However, a reduction in the average contribution rate had been viewed by many as an inevitable side-effect of the government's "automatic enrolment" programme, which is currently being introduced and requires all employers to put eligible workers into a pension scheme.
We anticipate that identification of further case subgroups based on similarity of HPO terms will be a powerful source of new gene discoveries in the remainder of the study collection and among cases in the ongoing enrolment programme.
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Orchestrating Winning Performance (OWP) is IMD's big annual open-enrolment programme for mid- to senior-level executives.
The government's auto-enrolment programme, launched in October last year, will see up to 9 million more workers signed up to them over the next five years.
Despite the auto-enrolment programme, which is expected to reach another 5 million workers in small business over the next two to three years, around 40% of 30- to 40-year-olds do not have any pension saving, Royal London said.
The OFT has also asked the government to consider banning certain schemes being used for its auto-enrolment programme which make high charges when savers stop paying into the schemes.
The paper says that open-enrolment programmes seem to have to been hit harder than customised ones.
In this study, age at enrolment and programme type were found to significantly affect registration with the NCK.
While the transfer is not conditioned on school enrolment, the programme is intended to provide an incentive for education, discourage child labour and provide caregivers with additional resources for school-related costs such as clothing, exercise books and pencils.
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