Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

Fewer pay into pension schemes

The number of people paying into occupational pension schemes has declined to around 8.3 million, the lowest since the mid-1950s, according to the Office for National Statistics.

The ONS said 5.3 million people paid into public-sector schemes last year, while 3 million paid into private schemes. The total figure stood at 8.7 million in 2009. "With a greying population living longer and longer, it's the last thing our society needs," Joanne Segars, head of the National Association of Pension Funds, said.