Why employer pension schemes need a boost

Employers need a good reason to commit to DC contributions, and to see that employees genuinely value them

The Labour victory in the May general election heralds a period of unprecedented uncertainty for pensions. Policymakers and practitioners are anxious to increase participation in modern defined contribution (DC) arrangements but do not know how the Government will facilitate this. In the frenzied pre-election campaign period the former pensions minister, Malcolm Wicks, signalled Labour's clear intention of continuing with a voluntary system if re-elected. But on all other pensions policy issues Labour was silent. For the future shape of pensions policy, therefore, we must await the final...