Private scheme contributions drop for first time

clock

UK - Total contributions to private pension schemes in the UK dropped for the first time since records began after the recession kicked in, Office of National Statistics research showed.

The ONS' update of its Pension Trends publication revealed total contributions to private pension schemes fell from £85.8bn in 2007 to £82.1bn (US$132.1bn) in 2008 - the start of the recession. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

People's Pension reworks pre-retirement default option

People's Pension reworks pre-retirement default option

£6bn pre-retirement part of default fund changes fixed income and sovereign bond allocations

Jasmine Urquhart
clock 24 November 2025 • 2 min read
Aon DC retirement standards tracker falls in Q3

Aon DC retirement standards tracker falls in Q3

Expected standards for younger savers fell while older members had higher predicted outcomes

Jasmine Urquhart
clock 21 November 2025 • 1 min read
Partner Insight: How workplace pensions can rise to age-old challenges

Partner Insight: How workplace pensions can rise to age-old challenges

The infrastructure is there, but the issue of long-term adequacy remains unsolved

Philip Smith, DC Director of TPT Retirement Solutions
clock 12 November 2025 • 7 min read
Trustpilot