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.
- 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.