Pension Coverage 2022
66% of workers aged 20-69 have pension coverage of some form (outside of State pension) of which:
73% occupational pension only
10% personal pension only
17% both
Employees who are part of their employer's pension scheme
6% Hybrid
32% Defined benefit
62% Defined contribution
82% of Professionals have pension cover compared to only 43% of Skilled trade workers
Main reaon why employees have no pension:
47% Never got to organise it/will do at future date
40% Can't afford it
Expected main source of income on retirement for workers with no pension
57% State pension
26% Not decided
