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What happens when a national government requires all employers to auto-enroll workers in a retirement plan?

That’s what the U.K. did, beginning in October 2012, starting first with large employers, and eventually extending the requirement to the smallest, with fewer than 30 employees in February 2018, in an effort to boost retirement savings.

The result: “an enormous increase in the share of private-sector employees … saving in a workplace retirement plan,” according to an analysis by the Center for Retirement Research at Boston College. The participation rate overall more than doubled from 32% in 2012 to 67% in 2017.

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