Occupational pensions now make up 30% of retirement income

James Phillips
clock • 1 min read

Workplace pension schemes are now providing 30 pence in every pound of retirement income, up from 24 pence in 2008/09, according to Equiniti.

Weekly income from occupational schemes also rose by £46 in ten years to £167 per week in 2018/19, an increase of 38%. On average, the total income of pensioner units - either single pensioners ...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

SPP: The message to the government is clear - don't mandate

SPP: The message to the government is clear - don't mandate

Jeremy Goodwin says mandation would ‘drive a coach and horses’ through the prudent person principle

Jeremy Goodwin
clock 14 October 2025 • 3 min read
Most DC schemes do not offer at retirement benefit options

Most DC schemes do not offer at retirement benefit options

But TPR survey finds schemes are taking steps to review, launch or partner to provide members with solutions

Jasmine Urquhart
clock 14 October 2025 • 2 min read
L&G expands retirement planner to younger DC members

L&G expands retirement planner to younger DC members

Firm says planner has ‘significantly boosted’ retirement readiness among members approaching retirement

Martin Richmond
clock 07 October 2025 • 2 min read
Trustpilot