Sentence examples for defined contribution workplace from inspiring English sources

However, if you've accrued various money purchase (defined contribution) workplace pensions, get them to work harder.

Ministers will announce that fund managers of defined contribution workplace schemes must in future disclose full details of all their costs to the public, The Times reported.

Tom McPhail, head of pensions research and investment firm Hargreaves Lansdown, said the fall in average contributions "looks worrying," but added that membership of private-sector defined contribution workplace pension schemes had shot up from 1.2 million to 3.2 million over the period.

The changes mainly affect those with personal pensions or defined contribution (DC) workplace schemes – ones where both employer and employee pay in – and will take effect from 5 April 2015.

At the moment, a member of a defined contribution (or "money purchase") workplace pension scheme who leaves after more than three months but less than two years may be entitled to receive a refund of the contributions they have paid in – in some cases with interest on top.

She added: "However, the good news is that the latest figures from the ONS show that those who are actively saving into a defined contribution [or money purchase] workplace pension are now saving more than last year, and their employers are investing more on their behalf, too".

The average amount being paid into private-sector defined contribution (also known as money purchase) workplace pension schemes plummeted to 4.7% of a worker's salary in 2014, when a year earlier it stood at 9.1%, according to the Office for National Statistics ONSS).

Last autumn, the Office for National Statistics revealed that the average amount being paid into private-sector defined contribution, also known as money purchase, workplace pension schemes plummeted to 4.7% of a worker's salary in 2014, from 9.1% a year earlier.

Millions of people are being signed up to defined contribution pensions, through the automatic enrolment workplace pension scheme.

Other workplace pensions - so-called defined contribution pensions - depend on the performance of investments.

Financial literacy in the workplace: Many companies today offer defined contribution pensions, which put workers in charge of deciding both how much to save and how to invest their pension assets.