Scheme 'to boost pensions take-up'

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By: Tom Leese
The Department for Work and Pensions said that around 600,000 more people will be saving into a pension for the first time by the festive period, and by May 2015 some 4.3 million more people will be saving for their retirement.From October 1, the largest employers, with 120,000 or more workers, must place eligible workers into schemes, with firms gradually being enrolled in a staging process over the next six years.