Mercer

With just over four months to go until A-Day, 45% of trustees and employers still have not started adapting their pension scheme administration ready for the changes, claims new research by Mercer.

Pensions-related issues are being placed at the top of employers' lists of concerns, new research indicates.

Consultant Mercer Human Resources says research suggests the rush to switch workers into defined contributions schemes is leaving many without sufficient protection against ill health or loss of income.

A study of asset allocation by 360 UK pension schemes with assets totalling £112bn has found 20% are putting all new contributions into bonds alone, says consultant Mercer.