Monthly Archives: May 2020


13

May 2020

UK Pension Market 2020

New UK Pension Market 2020 report published In 2019, UK pension funds received total contributions of £241 billion, representing a 10% rise over the level of 2018. In 2019, contributions to workplace pensions represented 70% of total contributions and this is expected to rise to 71% in 2020. In 2019, IRN Research estimate that 2.4 million new pension products were sold to members of the...

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01

May 2020

Workplace Pension Report Launched

Over half of consumers own a workplace pension 55% of all consumers have a workplace pension. Among consumers with workplace pensions, most (51%) have a defined contribution (DC) pension with just over four-in-ten owning a final/career average pension. 85% of adults with a workplace pension have a pension with their current employer, with 15% having legacy pensions from previous employers.   Almost six-in-ten workplace pension scheme members were...

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