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NAPF survey shows 17 per cent jump in scheme membership

The National Association of Pension Funds annual membership survey shows a 17 per cent jump in the number of employees taking up occupational pensions in 1998.


Where membership was automatic for new employees the take-up rate in final salary schemes rose to 91 per cent in 1998 from 74 per cent in 1997.


Money purchase scheme membership rose to 92 per cent from 78 per cent.


Where new employees had to take action to join a scheme take-up rose to 81 per cent from 51 per cent in final salary schemes. Money purchase schemes membership rose to 71 per cent from 65 per cent.

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