Employers pay lion’s share of pension premium rise

The biggest share of the rise in the cost of saving for a pension was borne by employers last year, a survey by employers’ organisation AWVN shows.

The percentage of the total pension premium paid by employers rose from 60% to 62%, the organisation says.

Employees saw their contribution rise 9.19%, slightly higher than the 8.87% in 2011.

The AWVN looked at 95 pension funds covering three-quarters of all workers.

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