Pension contributions drop 11% during first lockdown

‘Dramatic’ drop due to pandemic’s economic impact

Jenna Brown
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Workplace DC pension contributions drop 11% during first lockdown
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Workplace DC pension contributions drop 11% during first lockdown

Contributions to workplace defined contribution (DC) schemes dropped 11% during the first national lockdown last spring, official data reveals.

Figures from the Office for National Statistics (ONS) showed employee contributions fell by 11% between January and March last year. Q2 (between April and June) was a similar story with an 11% empl...

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