Low-paid workers are far less likely to have a workplace pension than their better paid counterparts, and those that do have far lower employer contribution rates, according to a TUC report published late in October that assessed the health of UK pension provision.
The TUC Pensions Scorecard report examines the membership, contribution rates and governance of workplace pensions across the UK, as well as the retirement incomes they generate, identifying trends and areas where improvement is most needed. It focuses on the defined contribution (DC) schemes into which most workers will be automatically enrolled over the next few years.
In other pensions news, the TUC has said that restrictions on NEST - the low-cost pension scheme established ahead of auto-enrolment - are harming consumers who cannot take advantage of the new arrangements.
More on TUC Pensions Scorecard @
http://www.tuc.org.uk/economyhttp://www.blogger.com/blogger.g?
http://www.blogger.com/blogger.g?blogID=1027012696648038180#editor/target=post;postID=3934752880819430642
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