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 the ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
