Demand Growing For Multi-Employer Pension Plans, Aon Says

By Martin Croucher (November 11, 2021, 1:24 PM GMT) -- A quarter of professionals in the retirement sector would choose a multi-employer collective pension plan if they could, consultancy Aon said on Thursday, even though regulation to allow such schemes to operate is more than a year away.

Aon PLC said that 26% of 400 respondents to an online survey would benefit from such an arrangement, which will allow multiple companies within the same industry to share risks through a single retirement savings plan.

The government will introduce regulation next month for single-employer collective defined contribution schemes. These will be finalized early next year and the government hopes that the country's first...

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