EXCLUSIVE: One in five employers to contribute more than AE minimum

James Phillips
clock • 2 min read

One in five automatically-enrolled members will benefit from generous employers who will pay more than their minimum 2% pension contributions, a survey by The People's Pension reveals.

As total contribution rates rise from 2% to 5% today - with minimum employer contributions rising from 1% to 2% - many employees will see their pension contributions triple from 1% to 3%. Howeve...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

FCA greenlights two further LTAFs for Aegon workplace pension default fund

FCA greenlights two further LTAFs for Aegon workplace pension default fund

LTAFs managed by JPMAM and Aegon AM will join already approved BlackRock strategy

Jonathan Stapleton
clock 02 April 2025 • 2 min read
Growth of DC will require reforms to help savers manage risks, IFS says

Growth of DC will require reforms to help savers manage risks, IFS says

IFS report says savers facing ‘stark’ challenges managing DC pensions through retirement

Martin Richmond
clock 01 April 2025 • 7 min read
Scottish Widows evolves workplace default

Scottish Widows evolves workplace default

New default to ‘maximise pension growth potential’ with high equities exposure

Jasmine Urquhart
clock 27 March 2025 • 2 min read
Trustpilot