Sentence examples for defined contribution schemes from inspiring English sources

Instead, the trend is towards greater emphasis on privately funded pensions.Within the private pension business itself, another significant change has been taking place: a steady shift from "defined benefit" to "defined contribution" schemes.

Figures from the Office for National Statistics show that, in 2012, 28% of employees were paying into final salary schemes, 17% were in these so-called "defined contribution" schemes, while the remainder were not contributing to any pension schemes – so around one in five employees are affected.

Increasingly, however, firms are favouring "defined contribution" schemes.

A £40,000 pension pot is actually about average for those people in the UK who have "defined contribution" schemes.

On pensions, what's important is that people on low incomes can make more informed decisions on defined contribution schemes.

Which makes the defined contribution schemes, and the job changing, all else equal, something to be celebrated rather than bemoaned.

For those earning more that £50,000, employers will contribute 12% towards a defined contribution scheme.

The majority, if not all, will be enrolled into a defined contribution scheme.

Tata Steel wants to shut the final salary pension scheme and replace it with a less generous defined contribution scheme.

However, a "collective" defined contribution scheme enables savers to share risks – both of longevity and stock market fluctuations.

A new system is gradually taking over that consists of a defined contribution scheme, plus a minimum guaranteed pension.