Local MP, Greg Hands, has welcomed these new figures, which show that, owing to changes to workplace pensions, more than 9 million more people are now saving for retirement.
These figures also show that 140,590 more people in work in London are now saving for a life after work.
Auto-enrolment was introduced so that more workers may save for retirement, while our plan means that workers can afford these changes.
The latest research shows that workplace pensions have become the 'new normal', while small businesses found a pension scheme for their workers to be 'necessary' and 'sensible'.
Commenting on this good news, Greg Hands MP said: "By introducing automatic enrolment, we're transforming the way people save for retirement.
"That means more families can plan for the long-term with the security of a pension.
"For a whole generation, workplace pension saving is now the new normal, but there's more to do to help more people than ever before build an enjoyable and secure retirement."