Employee DC contributions drop by 11% amid pandemic pressures

James Phillips
clock • 2 min read

Defined contribution (DC) contributions were scaled back by 11% in the second quarter of 2020 as the impact of the pandemic set in, according to the Office for National Statistics (ONS).

Yet, while gross assets excluding derivatives dropped by 12% in Q1, they had recovered to their end-20919 levels by the end of Q2. The ONS' data - revealed in Funded occupational pension schemes...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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