Civil service and education top industries for employer pension contributions

The civil service has the highest proportion of employers that are contributing 20 per cent or more to employees’ pensions (67.9 per cent), although this includes compulsory social security, Investing Review’s analysis of Office for National Statistics data has found.

The investing comparison site noted that education came a fairly close second, with 64 per cent of employers contributing 20 per cent or more in this sector.

However, following the two top spots, the gap widens significantly, with electricity, gas, steam and air conditioning supply employers coming third with 19.4 per cent.

This was followed by human health and social work employers, with 15.4 per cent contributing 20 per cent or more to their workers’ pensions, and water supply employers (10.6 per cent).

Professional, scientific and technical activities employers made the top 10 in 10th position, with 4 per cent of employers in this sector contributing 20 per cent or more.

Working in wholesale and retail trade, including car and motorcycle repair, resulted in the lowest percentage of employer contributions of 20 per cent or more, at 1.3 per cent.

An Investing Reviews spokesperson commented: “With the cost-of-living crisis playing on the minds of many, working in a sector that offers good pension contributions can bring ease of mind when thinking about future finances.

“This study serves as an insightful guide as to the sectors where employer contributions are higher than others.”

    Share Story:

Recent Stories


A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

The role of CDC
In the latest Pensions Age podcast, Laura Blows speaks to TPT Retirement Solutions Chief Client Strategy Officer, Andy O’Regan, about the role of collective DC (CDC) within the UK pensions space
Keeping on track
In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track

Advertisement Advertisement