Defined contribution schemes, where the employee builds up a pension pot via investments, are the typical replacement for a company's final-salary scheme.

BBC: Pension provision still falling, says ONS

Employers put an average of 15.8% of salary into their staff's final-salary schemes, but contribute just 6.2% of salaries to defined contribution schemes.

BBC: Pension provision still falling, says ONS

Final salary schemes, which guarantee a pension equivalent to a fixed proportion of workers' final wages, provide a more generous retirement income than defined contribution schemes, which are tied to stock market performance.

BBC: Manufacturers call for pensions reform