UK - Employers can boost their employees' DC pensions and save money by allocating parts of pay rises to pension schemes, Gissings claims.
The consultant said employers and workers up to the age of 35 will have to increase their contributions by nearly 50% if employees are to get a pension equal to half their salary at retirement.
Gissings believes employers can do this by allocating part of pay rises to their schemes, which will also save them money because the percentage allocated to the scheme will be more tax efficient.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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