TUC warns DC is failing to fill gap left by DB closures

The union body - which is holding its annual congress in Liverpool this week - said the analysis of official pensions statistics showed there was a drop in the proportion of the private sector working population who are members of a DB scheme from 18.6% to 13.5% between 2005 and 2008. But it said the membership of occupational DC schemes had only increased from 19.9% to 21.8% - and noted, between 2007 and 2008, the number of people in a DC scheme with an employer contribution actually fell. It said the number of "unpensioned" workers in the private sector workforce had increased from ...