Figures reveal rollercoaster year for DC pensions

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The UK's combined defined contribution pension savings have rebounded by more than £103bn since this time last year, Aon Consulting says.

The consultant says the total value of DC assets stood at nearly £505bn at the end of November, compared with £402bn the same time last year. It was also up £16bn compared to the end of last month. Aon also says combined savings fluctuated throughout the year from a year-low of £344bn in March to a high of £518bn in October Aon Consulting senior consultant Richard Strachan explains: "It's been another rollercoaster 12 months for UK workers. The nation has seen its combined savings fluctuate from a year-low of £344bn during March to a high of £518bn during October." He also says ins...

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