DOWNLOAD THE BENEFITS EXPERT GUIDE TO DC PENSIONS 2024
They are the private sector’s main vehicle for employee retirement savings, but do you and your employees know how well your defined contribution (DC) pension is performing? And how engaged are your employers with this key part of their benefits package as major changes are set to rock the world of pensions in the years ahead?
In this guide you will find exclusive data showing how your organisation’s pension provider has performed relative to others in the sector, how big it is compared to its peers and what features it offers. It explains how DC pensions work, how to boost employee engagement and the reforms that are coming from the Labour government thick and fast. From the imminent implementation of megafunds to pension dashboards and potential auto enrolment reform, big changes are coming.
DOWNLOAD THE BENEFITS EXPERT GUIDE TO DC PENSIONS 2024
The exclusive data in the guide has been collected and analysed by Benefits Expert’s sister publication Corporate Adviser Intelligence (CAI). CAI publishes the UK’s only publicly- available comprehensive set of data on workplace pension providers. It is used by the Treasury, Bank of England and Department for Work and Pensions, and has been covered widely in the national press.
Our exclusive data shows that the average DC pension pot provided a return of 7.38 percent over 5 years for someone with 30 years until the state pension age (SPA). For an employee with 5 years until SPA this return was 4.44 percent, while for someone a day from retirement age it was 3.01 percent.
This guide will help you to stay ahead of the curve and enable you to support employees with key knowledge as government-led pension changes gain greater traction.
