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Find out what 186 senior executives and 164 pension scheme managers think about; the future of DC pensions, how DB barriers could be eased and what’s really needed by schemes to succeed on their ESG journey.
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74% agree Businesses must do more to engage staff with pension saving

 


55% of sponsors will play an active role
in the decision-making process associated with setting the Long-term Funding
Objective (LTO)


78% have not aligned their workplace
pension scheme's investment strategy
with their business's corporate sustainability goals
 



Mercer have worked with the CBI on the first large-scale pensions survey since the pandemic began. The subsequent report provides insights from 186 senior executives and 164 individuals responsible for the pension scheme in their business, on topics including; the future of DC pensions, how DB barriers could be eased and what’s really needed by schemes to succeed on their ESG journey.
 

Download the full report to discover how schemes responded to Covid-19 and their expectations for the future.


If you would like to discuss the findings or any aspect of the report please contact us

 

Some key findings


DC


DB


ESG

  • Businesses agree that advice, guidance and financial education are increasingly needed to drive DC adequacy.           
  • Whilst supporting an expansion to AE, but a significant minority of businesses can’t afford higher minimum contribution levels right now
  • New regulations are expected to drive up the costs of running a DB scheme, yet few employers are exploring alternatives to cash.
  • Businesses, already satisfied with DB scheme governance, are in the dark about the details of regulations intended to strengthen it further.
  • Businesses see engaging employees with savings and impact investing as opportunities to be harnessed. 
  • Action and implementation lag behind aspiration because understanding of new Environmental, Social and Governance requirements is low .

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