We are pleased to publish the sixteenth edition of our FTSE Defined Contribution (DC) Pension Survey.
When undertaking this year’s survey, we wanted to see whether the pandemic had affected companies’ commitment to DC provision. There was concern that we might see a reduction in benefits and commitment as organisations grappled with maintaining financial stability and workforce planning. Far from showing this, this year’s results reveal that organisations share a compelling desire to improve member outcomes and enhance the support they provide to them.
This year’s survey covers 229 of the FTSE 350 companies. This represents 95% of the eligible companies in the FTSE 350 Index as at the start of 2021.
Whilst the results are based on information from some of the largest publicly quoted companies in the country, they are relevant to any employer with a DC pension arrangement.