Occupational Pension Schemes survey published

Trustees Agenda posted on 6 September, 2018

The ONS has recently published the 2017 edition of the Occupational Pension schemes survey, which collates data about scheme membership, benefits and contributions from a sample of occupational trust-based pension schemes to provide a detailed overview of the nature of occupational pension provision in the UK.

The survey found that total membership of occupational schemes reached 41.1 million in 2017, up from 39.2 million in 2016. This is the highest level recorded by the survey. It also found that the average total contributions (from member plus employer) contributions rate for private DC schemes was 3.4% in 2017, down from 4.2% in 2016.