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Thursday, September 06, 2018

ONS Occupational Pension Schemes Survey: UK, 2017

Here are the bullet points from the ONS Occupational Pension Schemes Survey: UK, 2017
  • Total membership of occupational pension schemes in the UK was an estimated 41.1 million in 2017, compared with 39.2 million in 2016 and is the highest level recorded by the survey.
  • Total membership of public sector pension schemes was 15.5 million in 2017, compared with 14.8 million in 2016.
  • Active membership of occupational pension schemes was 15.1 million in 2017, split between the private sector (8.8 million) and the public sector (6.3 million).
  • Active membership of private sector defined contribution schemes was 7.7 million in 2017, compared with 6.4 million in 2016.
  • In 2017, for private sector defined contribution schemes, the average total (member plus employer) contribution rate was 3.4%, falling from 4.2% in 2016.

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