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Friday, 5 April 2013

Pensions divide within DC schemes


Pensions data published last month by the Office for National Statistics illustrated an important and growing divide within defined contribution (DC) schemes, the TUC said.
Increasingly, workers in trust-based schemes have employer contribution rates above eight per cent, which is essential to build up a decent retirement income. But a growing proportion of workers in contract-based schemes have employer contributions of less than four per cent.
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