FTSE 100 employer contributions to defined contribution (DC) schemes have increased from an average of 6.4% in 2018 to 7.1% this year, according to Willis Towers Watson.
In its fourth annual FTSE 350 DC Pension Scheme Survey, the consultancy found this was the highest rate recorded so far. For FTSE 250 schemes, contributions saw a rise to 6.1% from 4.3% in the same period....
The Mercer Master Trust, Standard Life, and Intelliflo have achieved overall ‘gold’ standard awards in Benefits Guru’s inaugural open finance ratings for workplace pension providers.
William Chan says, if all the constraints underlying the UK DC market are cleared, there is no reason why the UK DC market cannot follow other parts of the world in private market allocations.
Nearly eight in ten employees have a workplace pension today compared to less than half of people when auto-enrolment (AE) was introduced in 2012, according to a report by the Office for National Statistics (ONS).
The government should encourage people to save more into pensions after life stages such as when children leave home and after mortgages and student loans are paid off, the Institute for Fiscal Studies (IFS) says.
Millions of workers are set to face “life changing retirement shortfalls” as lower growth forecasts could wipe a third off pot values, according to Lane Clark & Peacock (LCP).