It seems that the rapid demise of defined benefit accrual may be grinding to a halt. The Purple Book, produced jointly by the Pensions Regulator and the PPF, showed that active membership of defined benefit schemes fell by the relatively low figure of 3.4% last year. This continues the downward trend, but the drop is levelling off and has been since 2014.

For auto enrolment, research has shown that 23% of employers are making a 5% contribution into their employees' pensions, while 92% are paying the minimum 2% contribution. The research also found that 44% of respondents have reported an increase in the number of employees making contributions to their pensions over the last five years. Commentators have cited a “clear correlation between employer contribution and staff engagement”.