DC schemes urged to double contribution rates

clock

Concerns have been raised about low defined contribution (DC) saving rates as the number of DC savers exceeds active defined benefit (DB) membership for the first time.

Research commissioned by Columbia Threadneedle Investments revealed the average contribution to a DC pension scheme was just 6% of gross salary. This level falls significantly short of the requirem...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

PP DC Conference 2024: Register now!

PP DC Conference 2024: Register now!

Our flagship DC event is returning this year on 25 June at etc.venues, St Paul’s in London

Professional Pensions
clock 28 March 2024 • 1 min read
TPT launches global infrastructure fund for DC members

TPT launches global infrastructure fund for DC members

Fund also aims to monitor and manage carbon and climate change risk exposures

Jonathan Stapleton
clock 27 March 2024 • 1 min read
Aviva launches flexible pension scheme for Bolt

Aviva launches flexible pension scheme for Bolt

Drivers for private hire vehicle app will contribute 5% of fees from completed trips

Jasmine Urquhart
clock 25 March 2024 • 1 min read
Trustpilot