ACA calls for 12% AE contribution rate by 2020

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DC members at smaller employers cannot expect adequate retirement incomes after an "alarming" stagnation of contributions according to research from the Association of Consulting Actuaries.

The organisations' Smaller Firm's Pensions Survey of employers with 250 workers or fewer found average combined contributions of 9% of salary for members of trust-based schemes and 7.5% for those i...

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