Low paid workers hit by poor pension provision and low contribution rates

via Ekklesia: a new way of thinking

Low-paid workers are far less likely to have a workplace pension, and those that do have far lower employer contribution rates, according to a new TUC report published today (31 October) that assesses 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 automatically be enrolled over the next few years.

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