Tue, 3 Jul 2007

DC members lose out on £225m each year

Defined contribution (DC) members lose £225m a year because they fail to take advantage of pensions contribution matching offered by their employers. Younger members are least likely to gain maximum employer contributions, according to the research, published by Xafinity Consulting.

Andrew Dickson, corporate client development manager at Standard Life, said: ‘Too many employers do not take the opportunity to help staff understand the value of DC schemes.’