Key pension facts

Key pension facts

Number of people in public and private sector workplace pensions in 2017 and 2011 (millions)
  Public sector Private sector Total
  Men Women Men Women Men Women
2011  2.06 3.74  3.59  1.85  6.12  6.16 
2017  1.86 3.82  7.81  4.91  10.41  9.81 

Source: ASHE

Members of workplace pensions by type of scheme in 2017
  Million % of
workforce
Defined Benefit   7.83   28%
Defined Contribution   6.36   23%
Group Personal and group self-invested   4.35   16%
Stakeholder   1.29     5%
Unknown   0.39     1%
No workplace pension   7.51   27%
Total 27.73 100%

Source: ASHE

Number of employees auto-enrolled into a workplace pension (millions)
2013 2014 2015 2016 2017
1 3 5.2 6.1 7.7

Source: The Pensions Regulator

Average contribution rates to private sector open occupational schemes (2016)
  DB DC
Employer 15.6% 3.1%
Employee   6.3% 1.0%

Source: Occupational Pension Schemes Survey (OPSS)

Private sector DB schemes – status
  2015 2016 2017
% of schemes open to new members 13% 13% 12%
% of schemes open to future accrual only 51% 50% 47%

Source: PPF's The Purple Book