'Take retirement planning seriously', private sector told

Stark difference between private and public sector pension schemes

Jonathan Stapleton
clock • 2 min read

The number of active members in private sector defined benefit (DB) and hybrid pension schemes has fallen 62.6% in ten years, latest data from The Pensions Regulator (TPR) shows.

The regulator's annual landscape report on DB and hybrid schemes for 2021/22, found that as of March this year there were 785,744 active private sector final salary and hybrid scheme memberships in the UK, down from 909,502 the previous year - a decline of 13.6%. It said the number of active members in such schemes has fallen from the 2.1 million revealed in the TPR's first such report in 2012 - a fall of 62.6%. TPR's report also found that, in the public sector there were 6.83 million active members of DB schemes in 2021/22, down from 7.48 million in 2020/21. Evelyn Partners finan...

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