On the go: Accountancy firm Deloitte is proposing to cut the employer pension contribution for its UK staff in an attempt to cut costs amid the coronavirus pandemic.
According to Sky News, the company launched a consultation on the issue in the past few days, looking to reduce the maximum employer pension contribution from 12 per cent to 4.5 per cent.
If it goes ahead, the reduction would affect the majority of Deloitte’s 19,000 UK staff – although not the hundreds of equity partners who are not eligible to join the company’s pension scheme.
A Deloitte spokesperson said: “We’ve been closely monitoring and managing the Covid-19 situation, and supporting our people and clients is a priority.
“We are doing all we can to protect jobs and our business in the coming months.
“As part of this we have started a consultation with our people on temporarily reducing our maximum employer pension contribution.”
