UK. DC pension scheme membership increases by 400%
That is according to figures released today by The Pensions Regulator (TPR), which show that the number of people in DC schemes has risen to 12.6 million.
They also reveal that £5.4bn was put into these schemes in 2017, an increase of more than 21% compared to the previous year, with a total of £48bn now saved in DC pensions.
“The success of automatic enrolment has put DC schemes at the heart of pension saving in the UK,” TPR acting executive director for regulatory policy, analysis and advice, Anthony Raymond, said.
Read More: The Actuary
