UK - The number of people in occupational schemes has fallen by 800,000 since 1997, latest government figures show.
Conservative pensions spokesman David Willetts gave the figure in the Commons during a no confidence debate on the government pensions policy.
Willetts blamed stakeholder pensions for adding to the decline which was measured from Labour’s 1997 election victory. He said employers had used stakeholder compliance as an excuse to close defined benefit schemes.
Willetts also claimed that the less generously funded stakeholder pensions would actually increase the dependence on state pensions.
He said figures showed only 27% of employers planned to contribute to a stakeholder pension, compared to 52% who contribute to group personal pensions.
The government won the vote by 328 votes to 194.
By David Rowley
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.