
DC pension membership rises by over two million – ONS
Employee contributions to private sector DC pensions increased by £297m to £2.7bn in Q3 2025 compared to the previous year.

Employee contributions to private sector DC pensions increased by £297m to £2.7bn in Q3 2025 compared to the previous year.

43% of business leaders backed a rise in auto-enrolment contributions, while 36% wanted to keep them at current levels.

24% said expanding auto-enrolment for invisible workers should be a priority in the next Budget.

The jump in savers last year was 800,000, twice as many as the previous year.

Kate Smith, head of pensions at Aegon, said the Government needed to define what an adequate pension is and help reduce pension inequalities in the UK.

Hannah English said: “If it’s a seamless process, then they’ll be giving their employees the best chance of maximising their standard of living in retirement.”

According to the DWP, the proportion of employees enrolled in a pension scheme has climbed from 53% in 2013–14 to 79% in 2023–24, an increase of 26%.

AE thresholds will remain unchanged for 2025/26, meaning total pension contributions will stay at 8%.

New research from Phoenix Group shows 71% of UK adults support increasing auto-enrolment pension contributions if current rates fall short, calling for a government review.

A new report by Phoenix Group and WPI Economics suggests that raising the minimum auto-enrolment pension contribution from 8% to 12% could boost annual UK pension contributions by £10 billion.
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