DC contributions in North America too low: Mercer

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US/CANADA - Employees' rates of contribution to employer-sponsored defined contribution (DC) schemes in North America fall well below estimates of the savings levels required for a comfortable retirement, a new study has found.

The Mercer Investment Consulting (Mercer IC) survey found that in both the US and Canada, DC plans are becoming the primary vehicle for funding employees’ retirement savings but the firm says resul...

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