Following a fall at the beginning of the coronavirus pandemic, contributions into private-sector defined contribution pension schemes have recently increased.
According to data from the Office for National Statistics (ONS) both employee and employer contributions increased in the third quarter of 2020.
In the period between Q2 (April to June) and Q3 (July to September) 2020, employee contributions grew by 12% and employer contributions increased by 7%.
The previous ONS data released covered the period between the first and second quarters of 2020 and showed a decrease of 11% in employee contributions and 5% in employer contributions.
The ONS detailed that the furlough scheme, which includes support for pension contributions, saw a drop in membership between the second and third quarters of 2020.
There were 6.8 million people on furlough at the end of June 2020, compared to 2.8 million on 30 September 2020.
Helen Morrissey, Pension Specialist at Royal London, said:
"After seeing a dip in employer and employee pension contributions in the last set of data, it is encouraging to see the figures have bounced back.
"While this will be because less workers were on the job retention scheme, it is heartening to see the uncertainty caused by the pandemic has not caused people to turn their back on pensions by either stopping or slashing their contributions long term."
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