Aviva scraps non-contributory UK pension

clock

Insurance giant Aviva is to make staff across its UK operations contribute to their defined contribution pension fund for the first time.

Until now the 15,900 members of its DC scheme have not had to put in any of their own money. But from July staff will have to contribute at least 1% of salary, and from next April the contributio...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Partner Insight: Harnessing surplus for lasting member outcomes

Partner Insight: Harnessing surplus for lasting member outcomes

Aon’s innovative blended DC solution

Aon
clock 19 September 2025 • 4 min read
Partner Insight: Getting retirement guidance right – the future of DC depends on it

Partner Insight: Getting retirement guidance right – the future of DC depends on it

Philip Smith, DC Director, TPT Retirement Solutions
clock 01 August 2025 • 6 min read
Partner Insight: Pensions and affordable housing - Pro-active builders of the future

Partner Insight: Pensions and affordable housing - Pro-active builders of the future

Jayesh Patel, Head of UK DC Distribution, Legal and General
clock 01 August 2025 • 9 min read
Trustpilot