Occupational Pension Schemes Survey, 2014

24 Sep 2015 02:29 PM

Main points

• Total membership of occupational pension schemes with 2 or more members was 30.4 million in 2014, the highest level recorded by the survey, and an increase of 2.5 million compared to 2013. These estimates exclude participation in other workplace (group personal) pensions.
• The numbers contributing, or having contributions paid into a scheme (active members), rose from 8.1 million in 2013 to 10.2 million in 2014, driven by a rise of 2.0 million in the private sector.
• For private sector defined contribution schemes, the average total contribution rate was 4.7% in 2014, down from 9.1% in 2013.
• The changes in active membership and contribution rates are likely to have been influenced by the recent workplace pension reforms.

Get all the tables for this publication in the data section of this publication.