New figures show that 29,000 more people in South West Bedfordshire are now enrolled in a workplace pension.
Andrew Selous has welcomed new figures showing that, due to changes to workplace pensions, over 9 million more people are now saving for retirement.
Auto-enrolment was introduced so that more workers can save for retirement, so that people have greater financial security and independence in their retirement.
Figures released last week show that the number of workplace pension schemes has reached a record high of 41.1 million in 2017, up nearly 50 per cent in the last six years.
South West Bedfordshire MP, Andrew Selous, said:
“By introducing automatic enrolment, we’re transforming the way people save for retirement.
“Not only are millions more people moving into work, but they are putting money aside for their futures as a result of our reforms, showing we are returning to a society of savers where individuals are in control of their own money.”