Automatic enrolment not good enough
US - Less than a quarter (23.1%) of employers have implemented automatic enrolment of employees in company defined contribution (DC) pension plans and almost two thirds (62.1%) have extended the provision for new employees only.
Just 11.5% of all employers had implemented contribution acceleration, contrasted with almost a quarter of larger employers. However, the average yearly increase to contributions was only 1%.
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Latest issue - 18 July 2019
This week's edition of Professional Pensions is out now.
Employers say master trusts are best pension for employees
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
TPR launches probe into 'shape-shifting employers' dodging AE duties
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Breaking down barriers to DC schemes investing in private markets
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.
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