Private pension membership at lowest level since 1950s

Just 35% of men and 32% of women aged between 16 and 64 were active members of a private pension in 2011/12. There were 8.2 million active members of occupational pension schemes in 2011, the lowest level since the 1950s. Membership of defined benefit pensions has declined from 46% of employees in 1997 to just 28% in 2012, almost exclusively now in the public sector. Participation rates of employees vary dramatically between public and private sectors, with 85% of men and 81% of women in the public sector, compared to 36% and 26% respectively in the private sector. Hargreaves Lansd...