Private scheme contributions drop for first time

clock

UK - Total contributions to private pension schemes in the UK dropped for the first time since records began after the recession kicked in, Office of National Statistics research showed.

The ONS' update of its Pension Trends publication revealed total contributions to private pension schemes fell from £85.8bn in 2007 to £82.1bn (US$132.1bn) in 2008 - the start of the recession. ...

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 Contribution

Partner Insight: European ABS - A compelling tool for DC default strategies

Partner Insight: European ABS - A compelling tool for DC default strategies

Asset-backed securities are often a misunderstood asset class, despite having many compelling characteristics including a potential return premium and a defensive capital structure. These, in our view, make them well-suited as a tool for inclusion in...

M&G Investments
clock 12 December 2024 • 3 min read
UPDATE: Reeves  to create LGPS and DC 'megafunds' in Mansion House growth bid

UPDATE: Reeves to create LGPS and DC 'megafunds' in Mansion House growth bid

Chancellor unveils ‘biggest pension reforms in decades’

Martin Richmond
clock 14 November 2024 • 4 min read
Partner Insight: Are private market investments a risky business for DC pension savers?

Partner Insight: Are private market investments a risky business for DC pension savers?

A 2024 survey carried out by Legal & General shows that DC contributors have a generally very positive attitude to private markets investing.

Rita Butler-Jones, Head of DC, Legal &General
clock 11 November 2024 • 7 min read
Trustpilot