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

Martin Richmond
Author spotlight

Martin Richmond

Reporter at Professional Pensions

View profile
More from Martin Richmond

Mixed fortunes for DB scheme funding levels in March, Broadstone finds

Industry welcomes extension of TPR oversight to professional trustee firms

More on Defined Contribution

Ten years on from the pension freedoms, our attitudes have come full circle
Defined Contribution

Ten years on from the pension freedoms, our attitudes have come full circle

Colin Clarke says we need to focus on the primary purpose of a pension

Colin Clarke
clock 04 April 2025 • 6 min read
FCA greenlights two further LTAFs for Aegon workplace pension default fund
Defined Contribution

FCA greenlights two further LTAFs for Aegon workplace pension default fund

LTAFs managed by JPMAM and Aegon AM will join already approved BlackRock strategy

Jonathan Stapleton
Jonathan Stapleton
clock 02 April 2025 • 2 min read
Growth of DC will require reforms to help savers manage risks, IFS says
Defined Contribution

Growth of DC will require reforms to help savers manage risks, IFS says

IFS report says savers facing ‘stark’ challenges managing DC pensions through retirement

Martin Richmond
Martin Richmond
clock 01 April 2025 • 7 min read
Trustpilot