DC savers to overtake DB within two years, research

DC savers 'contributing a third' of DB savers

Hannah Godfrey
clock • 2 min read

The number of people saving into defined contribution (DC) pensions is set to overtake those with defined benefit (DB) plans within two years, Saga Investment Services has said.

In its report - The Future of Pensions - the investment service for the over 50s said  final salary pensions were fast disappearing in the private sector with employees being offered DC pensions instead. This will lead to the total number of active DC pension members to overtake the number of DB members by 2018, according to the report. Saga said the number of private sector DB savers fell by two million (56%) between 2004 and 2014, while the number of DC scheme savers almost tripled from 1.2 million to 3.2 million. Of the 2.5 million entrants into private sector occupational schem...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

CRM integration project highlights AI-powered innovation potential

CRM integration project highlights AI-powered innovation potential

Project reflects a broader shift in adviser technology

Joe Power
clock 04 August 2026 • 3 min read
Pensions minister Torsten Bell: 'Together, we are going to finish the job'

Pensions minister Torsten Bell: 'Together, we are going to finish the job'

Bell was reappointed to the pensions minister role in the government reshuffle

Holly Roach
clock 27 July 2026 • 1 min read
Pension adequacy – are we focusing on the wrong measure of success?

Pension adequacy – are we focusing on the wrong measure of success?

'The current system can unintentionally create a false sense of reassurance'

Caitlin Southall
clock 24 July 2026 • 4 min read