Finance directors look to limit DC membership to bring down costs

Finance directors are imposing strict limits on the number of employees joining defined contribution...

Finance directors are imposing strict limits on the number of employees joining defined contribution (DC) pensions schemes to reduce costs, research by the Pensions Institute has revealed. According to the institute, advisers selling DC pensions in the smaller company market say if the Government introduces auto-enrolment, employers will still find a way to keep employees out. The report found finance directors will not support the government's agenda to reverse the state/private pensions ratio, from 60:40 to 40:60, unless a clear return on the money they spend, in the form of employer co...