A third unaware how much they pay into their pension

Broadstone analysis finds most DC savers have not increased the amount they pay in

Jasmine Urquhart
clock • 1 min read
Majority of DC savers have not increased their pension contributions, Broadstone finds
Image:

Majority of DC savers have not increased their pension contributions, Broadstone finds

More than one third (34%) of defined contribution (DC) scheme members are unaware how much they are contributing to their pension, analysis by Broadstone has found.

Looking at data from the Financial Conduct Authority's Financial Lives Survey, the consultancy found just 34% of DC savers were confident about their retirement income. Three quarters (74%) of t...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Contribution

Partner Insight: A just transition in banking – support for pension investors

Partner Insight: A just transition in banking – support for pension investors

Royal London Asset Management share what four years of collaborative engagement with the UK's largest banks revealed about progress, gaps and what comes next

Royal London Asset Management
clock 18 March 2026 • 5 min read
Master trusts 'dominate' DC market, TPR data shows

Master trusts 'dominate' DC market, TPR data shows

Regulator urged schemes that do not offer value to consolidate

Holly Roach
clock 17 March 2026 • 3 min read
Government must be cautious of DC investment interference

Government must be cautious of DC investment interference

LCP and Frontier Economics report finds there is ‘no clear case’ to override trustees’ investment decisions

Martin Richmond
clock 17 March 2026 • 4 min read
Trustpilot