Pension scheme membership reaches turning point

2014-03-14T23:30:27-07:00March 14th, 2014|Categories: Defined Benefit Plans|Tags: , , |

Figures published by the Office for National Statistics today mark a historical turning point for membership of workplace pension schemes, according to Towers Watson. The pensions tables from the ONS’s Annual Survey of Hours and Earnings 2013 also highlight that public sector employees are almost ten times more likely to be in defined benefit schemes than private sector employees are. Automatic enrollment making pension saving the new norm After sinking to a historical low of 32 per cent in [...]