Friends workplace pension contributions up 4%

This kept contribution rates increasing at largely the same rate as inflation, according to the Friends Life Workplace Savings Index. The average monthly contribution rose from £267 in Q2 2010 to £276 in the same quarter of 2011, the insurer said. Total returns on members' portfolios increased by 15% over the same period, whilst the level of risk experienced by savers fell from 13.1% 12 month trailing portfolio risk to 8%. The flight from equities, sparked by the Greek debt restructure in summer 2011, led to many Friends Life customers de-risking their pension fund and diversifying...