ONS: DC membership up 20% in 2017 but contribution rates fall by 19%

Kim Kaveh
clock • 3 min read

Occupational pension scheme membership hit a record high in 2017, with more than 41.1 million people saving through the workplace, latest Office for National Statistics (ONS) data reveals.

The membership numbers are up 5% from last year's data, when this figure rested at 39.2 million, according to the statistical body's Occupational Pension Schemes Survey 2017 unveiled today. Defi...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

WPC publishes report into defined benefit pension schemes

WPC publishes report into defined benefit pension schemes

MPs comment on funding regime, surplus extraction and consolidation approaches

Jasmine Urquhart
clock 26 March 2024 • 6 min read
Industry backs calls for 'further reflection' on DB statements of strategy

Industry backs calls for 'further reflection' on DB statements of strategy

Buzz survey finds nearly three-quarters of respondents support further reflection by TPR

Martin Richmond
clock 20 March 2024 • 2 min read
Charities urged to review DB endgame plans as scheme funding grows

Charities urged to review DB endgame plans as scheme funding grows

Spence & Partners analysis shows run on could be a viable option for some charity plans

Jonathan Stapleton
clock 19 March 2024 • 2 min read
Trustpilot