DB membership gives more retirement confidence than DC

Confidence to reduce due to ‘dwindling numbers’ of DB arrangements

Isabel Baxter
clock • 2 min read

UK adults with a defined benefit (DB) pension scheme are more retirement confident than those with a defined contribution (DC) arrangement, Nucleus Financial has found.

According to Nucleus' UK Retirement Confident Index which included 2,200 UK adults aged 50 plus, those surveyed with a DB scheme (58%) scored 7.5 out of ten in confidence. Meanwhile, respondents with a DC scheme (29%) scored 6.4. In terms of other pension types, people with an individual personal pension (27%) scored 6.8, those with an individual stakeholder arrangement scored 6.5 and then respondents who have a personal pension but do not know what type (11%) scored 5.5. Nucleus said the fact that DB users are more confident than DC users is "not surprising". The most confident gr...

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