19 Dec 2018

Report: Securing the future

This report of the 2018 Pension trends survey from the Association of Consulting Actuaries focuses on pension contributions into various types of schemes and automatic enrolment opt-out and cessations.

Key findings

88 per cent of employers say the April 2018 increase in minimum auto-enrolment contributions had no adverse impact on scheme participation.
79 per cent support increased punishments for those caught mismanaging pension schemes.
Just over half believe there’s reputational risk for employers in offloading defined benefit liabilities to consolidate vehicles with lower capital requirements than insurers.
75 per cent want pension tax relief reformed with more help targeted on lower earners.

The survey includes responses from 349 employers of all sizes.