UK - Schemes' running costs have grown faster than other business overheads, research from Capita Hartshead shows.
And nearly two-thirds said actuarial and funding costs were the primary cause for concern, followed by the costs of regulatory compliance.
Capita managing director Mike Addenbrooke warned that government reforms proposals were likely to add to these costs.
Capita’s 10th Annual Pension Scheme Administration Survey found that 59% of employers had set up a money purchase scheme in the last two years. A quarter of these firms did so in the last nine months.
The survey also found that a hard core of respondents (41%) had maintained their administration in-house – citing cost control as one of the main reasons not to outsource this service.
Addenbrooke said: “The reasons for retaining in-house administration have not changed, with ‘better administrative control’ still heading the list, followed by ‘greater efficiency’ and ‘greater speed and response’.”
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.