Morrisons looks to cut contribution rates in response to AE extension

Supermarket looks to manage increases in pension costs following move to expand AE

Martin Richmond
clock • 2 min read
Morrisons looks to cut contribution rates in response to AE extension

The supermarket chain Morrisons has come under pressure from unions after it unveiled proposals to rebalance pension contribution rates as a result of the expansion of auto-enrolment (AE).

Trade union Unite said Morrisons had unveiled proposals which would increase the contributions hourly paid employees put into the scheme, while reducing the employer contributions put into the sche...

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 Industry

Pensions Commission publishes interim report

Pensions Commission publishes interim report

Report looks at the state of retirement saving in the UK

Holly Roach
clock 19 May 2026 • 3 min read
News Digest: Worries on gilts point to wider bond market vulnerabilities

News Digest: Worries on gilts point to wider bond market vulnerabilities

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 19 May 2026 • 1 min read
Buzz: Are you concerned about the increasing threat of AI on pension fraud?

Buzz: Are you concerned about the increasing threat of AI on pension fraud?

Generative AI, Pensions UK report and TCFD reporting requirements

Professional Pensions
clock 18 May 2026 • 1 min read
Trustpilot