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Barnett Waddingham
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Employers' attitudes to the changing DC pensions landscape

Published by Paul Leandro on

50% of employers are concerned that DC is not being used for its primary purpose.

Our research with Standard Life reveals that employers continue to suffer from regulatory fatigue whilst trying to help their employees with pension saving. We spoke to 58 businesses representing around 750,000 employees to understand whether employers’ pension plans are meeting their corporate objectives since full freedoms were introduced in 2015.

Consistent with our findings last year, the key challenges in running DC schemes remain keeping up with governance and regulatory requirements. Despite this, the long-term financial wellbeing of employees remain a top priority and employers are turning their attention to implementing good quality engagement strategies as it is clear that they still see their DC scheme as a key part of their overall reward package.

KEY HIGHLIGHTS

36%

of employers feel that pension freedoms have had an impact on how members are choosing to exit their workplace

52%

of employers would consider offering education and support tools to enhance employee engagement

64%

of employers see financial stress in the workplace as an issue, yet just 26% offer debt management support

To download a full copy of the research please fill out the form below.

Employers' attitudes to the changing DC pensions landscape

About the author

  • Paul Leandro

    Paul leads the firm’s Workplace Health and Wealth team in the North of England and Scotland and specialises in advising corporate and trustee clients in the design and ongoing governance of defined contribution pension arrangements.

    View Biography

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