Ceridian finds overall opt-out rates only 5.4%

Sample based on 244,000 enrolment records across 77 organisations

Detailed analysis by Ceridian, one of the UK’s leading HCM technology and service providers, of 244,061 auto enrolment records across 77 organisations reveals overall opt-out rates of only 5.4 per cent with opt-out rates among the young the lowest.

Melissa Goddard, director of pension solutions, at Ceridian UK said: “The overall opt-out rates across a large and representative sample of organisations have shown opt-out rates lower that most quoted averages. Furthermore, there is little difference in opt-out rates between any age groups up to 50. These average around four per cent but then rise to seven per cent for the 50 to 60 age group and then, rather unsurprisingly, rise sharply to 19 per cent for the over 60s. The opt-out rate for the under 25s is the lowest of all the groups at just 3.8 per cent, backing up what Steve Webb MP, Minister for Pensions, announced at our recent customer conference.

“Opt-out rates among females are less than males. And our analysis by different industry sectors shows that the lowest opt out rates are in industry sectors that have lower paid workers. Interestingly, the TV advert for automatic enrolment featured certain industry sectors that have some of the lowest opt out rates, such as construction and manufacturing, so maybe the advert resonated with them.”

Opt-out Rates, by Age

Opt-out Rates, by Gender

For further press information on Ceridian, contact either Chief Commercial Officer, Nick Laird on 0118 922 3606 or Jeremy Snook at JSPR on 01235 227572. Mobile: 07957 867139.  E-mail: jeremy.snook@jspr.co.uk

Notes to Editors:

Ceridian

Ceridian is one of the world’s leading HCM technology and service providers. In the UK, it works with over 5,000 businesses, large and small, delivering quality, accurate payroll and value-added HR services.

Ceridian provides national and international payroll and HR transactional services including HR outsourcing, employee benefits, workforce management, expense management, absence management and employee assistance programmes.

Innovative Software-as-a-Service (SaaS) solutions are offered to all clients. These leading-edge SaaS solutions can be purchased as a complete totally-integrated package, or in scalable modules, designed to flex with organisational needs.

Through decades of global experience, people capability and first class delivery of world class HR transactional solutions, Ceridian increases quality, reduces risk, boosts revenue, lowers cost and frees time for its customers to focus on their priorities.

From multi-nationals to small start-ups, Ceridian’s KnowHow enables their HR development journey.

Ceridian is winner of the Payroll Provider Award in the 2013 Payroll World Awards. In the same awards in 2012, it also won the Payroll Provider Award plus the Payroll Software Product Award and the Technology Development Award.

For more information, visit www.ceridian.co.uk

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