As of 2018, almost 47 percent of UK employees participate in a scheme. Under a defined benefit scheme, the pension paid depends on the length of employment of the individual and their salary history. Since automatic enrolment was introduced in 2012, the share of people enrolled in a defined contribution scheme has significantly increased.
Share of people participating in a defined contribution scheme for retirement in the United Kingdom (UK) from 2005 to 2018
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Scottish Widows. (July 9, 2019). Share of people participating in a defined contribution scheme for retirement in the United Kingdom (UK) from 2005 to 2018 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1072972/participation-rate-defined-contribution-scheme-retirement-united-kingdom/
Scottish Widows. "Share of people participating in a defined contribution scheme for retirement in the United Kingdom (UK) from 2005 to 2018." Chart. July 9, 2019. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1072972/participation-rate-defined-contribution-scheme-retirement-united-kingdom/
Scottish Widows. (2019). Share of people participating in a defined contribution scheme for retirement in the United Kingdom (UK) from 2005 to 2018. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1072972/participation-rate-defined-contribution-scheme-retirement-united-kingdom/
Scottish Widows. "Share of People Participating in a Defined Contribution Scheme for Retirement in The United Kingdom (Uk) from 2005 to 2018." Statista, Statista Inc., 9 Jul 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1072972/participation-rate-defined-contribution-scheme-retirement-united-kingdom/
Scottish Widows, Share of people participating in a defined contribution scheme for retirement in the United Kingdom (UK) from 2005 to 2018 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1072972/participation-rate-defined-contribution-scheme-retirement-united-kingdom/ (last visited November 13, 2024)
Share of people participating in a defined contribution scheme for retirement in the United Kingdom (UK) from 2005 to 2018 [Graph], Scottish Widows, July 9, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1072972/participation-rate-defined-contribution-scheme-retirement-united-kingdom/
