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.
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