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Welcome to the 13th edition of defined contribution (DC) trust, our annual statistics publication. It provides a high-level snapshot of the current landscape of occupational DC trust-based pension provision in the UK, including information on the number, memberships and assets of schemes. |
Our DC trust universe can be segmented into three high-level categories:
DC sections of hybrid dual-section schemes (schemes with two sections - one offering DC benefits and the other offering DB benefits). We will refer to these as 'hybrid schemes'.
Non-hybrid micro DC schemes (schemes with two to 11 members). We will refer to these as 'micro schemes'. Non-hybrid DC schemes (schemes with 12 or more members). We will refer to these as 'non-micro schemes'.
We have categorised the DC trust universe as such because the data we hold for each category are different. We do not report on assets held in DC sections of hybrid schemes or micro schemes as their reporting requirements in the scheme return are different from those for non-micro schemes.
This year’s edition covers around 26,990 current schemes from the pension schemes register as at 31 December 2022. Of the 25,700 schemes with fewer than 12 members, 21,580 (84%) identified themselves as a relevant small scheme (RSS) or an executive pension plan (EPP). As with last year’s release, we’ve included similar snapshot data from earlier versions of our database. These form a consistent time series, each with an effective date of 31 December, between 2012 and 2022 (where data have been provided). Year-on-year figures may vary very slightly across publications, as late submissions are received and data coverage is enhanced between publication dates.
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