The government should introduce a new statutory requirement to improve the adequacy of defined contribution (DC) schemes by increasing automatic-enrolment (AE) contributions, a report published by Phoenix Group says.
The report Raising the bar: A framework for increasing auto-enrolment contributions - published in partnership with WPI Economics - found a "clear need" for AE contributions to increase from 8% to ...
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
