Professional November 2016

Pensions insight

earnings, comprising 1.5% for members and 2.5% for employers. In private sector career average schemes (revalued in line with prices), average

employer contribution rates were lower than for DB schemes as a whole. In 2015, the rate for career average schemes was 12.9% compared with 16.2% for all DB schemes.

Average member contribution rates in career average schemes were fairly similar to the average rate for all DB schemes (5.5% and 5.0% respectively). n

Chart 2 - Active membership by sector

Chart 1 - Total membership by member type

Chart 3 - Active membership by scheme type in private sector

Chart 4 - Pensions in payment by sector

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Issue 25 | November 2016

| Professional in Payroll, Pensions and Reward |

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