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Schemes are on the slide

Active membership of occupational pension schemes slumped by 300,000 last year, according to figures from the Office for National Statistics.

Analysis from the Occupational Pension Schemes Survey reveals 8.7 million people were either earning new defined-benefit scheme benefits or paying defined-contribution scheme contributions in 2009, down from nine million in 2008.

The report highlights the extent of the shift from DB to DC provision in the private sector. Ninety-two per cent of active DC members were in an open pension plan compared with 44 per cent of savers in DB schemes.

OPSS report editor Hazel Mitchell says: “Five years ago, the number of active members of open DB schemes was around double that of open DC schemes. Since then, active membership of open DB schemes has fallen to similar levels as for DC schemes.”


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