Blame game underway as DB membership falls 24pc

clock

Defined benefit scheme membership has fallen from 46pc of the workforce to 35pc in just eight years, latest figures from the Office for National Statistics reveal.

Its Pension Trends report also found that membership of private pension schemes fell from 40pc of the 35.4 million working age population to 39pc between 2003-04 and 2004-05. Conservative work a...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Aon
clock 01 May 2025 • 1 min read
Partner Insight Video: Running on your defined benefit pension scheme

Partner Insight Video: Running on your defined benefit pension scheme

John Harvey, Partner at Aon
clock 30 April 2025 • 1 min read
DB transfer values fall to another record low in March, XPS finds

DB transfer values fall to another record low in March, XPS finds

Consultancy says Transfer Value Index remained below £150,000 throughout Q1 2025

Martin Richmond
clock 28 April 2025 • 2 min read
Trustpilot