Private sector employee contributions fall to lowest level since 2018

Research finds employee contributions make up over a quarter of private sector savings

Martin Richmond
clock • 2 min read
The £18.3bn in employee contributions last year were the lowest since 2018
Image:

The £18.3bn in employee contributions last year were the lowest since 2018

The contributions made by private sector employees into their pension pots have fallen to the lowest level since 2018, research from Broadstone has revealed.

The consultancy's analysis of figures published by the Department for Work and Pensions (DWP), found the total annual savings decreased for the third year in a row, as annual savings peaked at £66b...

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

L&G Master Trust hits £30bn in assets under management

L&G Master Trust hits £30bn in assets under management

Scheme says it is the first commercial master trust in the UK to reach the milestone

Jasmine Urquhart
clock 21 January 2025 • 1 min read
How we won the PP Investment Awards 2024... Arcmont Asset Management

How we won the PP Investment Awards 2024... Arcmont Asset Management

Arcmont won the accolade for DC Investment Innovation of the Year

Professional Pensions
clock 20 January 2025 • 3 min read
An alternative to lifestyling in defined contribution

An alternative to lifestyling in defined contribution

Is too much derisking a bad thing?

Jonathan Stapleton
clock 20 January 2025 • 17 min read
Trustpilot