Nearly half the pension schemes in the UK have seen their
costs grow at a faster rate than other business overheads, according to
research by Capita Hartshead.
The Eighth Annual Pension Scheme Administration Survey
shows that 45 per cent of schemes have seen pension administration and
contribution costs grow at a faster rate than other business overheads in the
last five years, as a result of steps taken to address lower surpluses, low
inflation, member longevity and changes to Advanced Corporation Tax.
The survey covers schemes with more than £176 billion in
collective assets, representing a third of all members of UK pension schemes.