DC members need to double payment

clock

Defined contribution scheme members need nearly 50pc more paid into their plans to have a comfortable retirement, Mercer research shows.

The consultant’s survey of 400 firms found employer contributions had risen to an average of 6.8pc from 6pc in 2002 while employees were now paid 3.6pc – an increase of 0.3pc. But mercer said th...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Employee Benefits

First Actuarial adds healthcare to its employee benefit service range

First Actuarial adds healthcare to its employee benefit service range

Consultancy’s launch follows client demand for a ‘one-stop shop for employee benefits’

Jonathan Stapleton
clock 22 May 2025 • 1 min read
Most employers offering pensions cash alternative, WTW finds

Most employers offering pensions cash alternative, WTW finds

Three quarters offer alternative to pensions for employees restricted by AA, WTW finds

Jasmine Urquhart
clock 18 March 2025 • 2 min read
Benefex and Benify come together under single brand

Benefex and Benify come together under single brand

Benefex and Benify come together under single brand

Jonathan Stapleton
clock 11 February 2025 • 1 min read
Trustpilot