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

Tender Watch: University seeks pensions services

Tender Watch: University seeks pensions services

Consultancy sought to provide actuarial, pensions and benefits services

Professional Pensions
clock 02 February 2023 • 1 min read
Bowman: "The many options could be causing confusion for sponsors and they might be 'sleep walking' down an endgame path"

88% of DB schemes admit to having no endgame strategy

Research found nearly 88% of corporates lack a strategy with clear and structured timelines

Martin Richmond
clock 31 January 2023 • 2 min read
'Glaring omission' of climate risks in DB funding code

'Glaring omission' of climate risks in DB funding code

LCP analysis of TPR’s consultation documents found scarce references to climate change

Martin Richmond
clock 27 January 2023 • 2 min read
Trustpilot