2019 Report details for project: Automatic Enrolment Programme
| Project name | Automatic Enrolment Programme - there are 6 reports for this project: 2014, 2015, 2016, 2017, 2018, 2019 |
|---|---|
| Google search | Google search on project name (opens in new window)  |
| Contracts | Contracts search (opens in new window) - under development |
| Organisation | DWP (D10) - see all reports for this organisation |
| Report year | 2019 (data is from September 2018) |
| Category | Transformation - see all reports for this category |
| Description: | This programme was set up to implement the Governments workplace pension reforms. The overarching aim of the reforms is to get more people saving more for their retirement. |
| DCA (RAG) | Amber/Green |
| DCA text: | Programme implementation has been, and continues to be, hugely successful so far, with over 10 million people automatically enrolled by over 1.4 million employers. Compliance levels amongst all employers remain strong and opt-out rates amongst individuals remain consistently low at around 10%. The first of the two scheduled increases to contribution levels took place, as planned, in April 2018 and the results have been positive with no discernible impact on savings behaviour. The programme has now turned its attention to the second increase and plans for closure. Whilst there remains a level of uncertainty around the ongoing behaviours of employers and employees, when balanced with the significant success of the programme in achieving its objectives to date, the programme board continue to rate the programme overall as Amber/Green |
| Start date | 2007-05-01 |
| End date | 2019-11-30 |
| Schedule text | The programme continues to time. |
| Baseline | £66.16m |
| Forecast | £66.10m |
| Variance | 0.00% |
| Variance text: | Budget variance less than 5% |
| Whole Life Cost | £1,125.00m |
| WLCost text: | The whole life costs cover the period from 2007-08 to November 2019 and include the set-up and running costs of the compliance regime within The Pensions Regulator (TPR); the communications costs for raising awareness through a series of campaigns; and Programme costs. |
| Notes1: | Automatic Enrolment Programme (originally called Enabling Retirement Savings Programme) |
| Notes2: | |
| Sourcefile | IPA_2019.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.