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As of May 2018, autoenrollment is credited with bringing an extra 9 million people into workplace savings schemes, and total savings into workplace pension schemes are forecast to increase by £20bn in 2019/20. (Source: Pension freedoms - Work and Pensions Committee - House of Commons)

There remain, however, some challenges:

• However, note that it will also place an enormous burden on businesses, especially small ones.
• Research by insurer Scottish Widows shows that only 33% of the nation's 4.5m self-employed workers, who do not qualify for autoenrollment, are adequately prepared.
• Uncertainty around pensions freedoms make it less clear what those people will do with the funds at requirement.
• On average, a UK adult can now expect to have 11 jobs in their lifetime. With the advent of AE, they will have a similar number of pensions. (Source: Pension freedoms - Work and Pensions Committee - House of Commons)