Stock market volatility sees DC income drop by £1000 a year

Jonathan Stapleton
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Defined contribution scheme members have seen annual pension income plummet by more than £1000 a year as a result of stock market falls since the beginning of May, Aon Consulting research reveals.

The consultant's DC index - which follows the projected retirement income of individuals at different ages who contribute 10% of a £25,000 salary to a DC arrangement and had an existing fund of £15...

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