UK. Pension savers heading for retirement shock as average contributions fall – experts warn
Total membership of occupational pension schemes in the UK was an estimated 41.1 million in 2017, the highest level recorded by the Office for National Statistics (ONS) survey.
But looking at defined contribution (DC) pension schemes in the private sector, the average contribution rate being paid into savings pots by employees and their employers was 3.4 percent in 2017, falling from 4.2 percent in 2016.
The launch of automatic enrolment into workplace pensions, which started in 2012, has boosted the number of retirement savers.
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