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

New campaign group urges MPs to intervene in fight over pre-1997 indexation rights

New campaign group urges MPs to intervene in fight over pre-1997 indexation rights

Pressure group lobbying MPs and ministers to state its case for investigation into issue

Professional Pensions
clock 27 December 2024 • 1 min read
Partner Insight: UK risk settlement market – A look back over 2024

Partner Insight: UK risk settlement market – A look back over 2024

Martin Bird, Senior Partner & Head of Risk Settlement, Aon
clock 23 December 2024 • 4 min read
Is consolidation enhancing or eroding service provision to DB schemes?

Is consolidation enhancing or eroding service provision to DB schemes?

Assessing the benefits and shortcomings of industry consolidation

Donny Hay
clock 19 December 2024 • 4 min read
Trustpilot