The department for work and pensions finally shattered the collective defined contribution dream late last year when it announced it would be taking no further action on this widely-supported form of risk sharing.
The DWP cited two main reasons for its decision: the risk of unacceptable intergenerational unfairness and a risk of breaching European legislation (PP Online, December 16, 2009). The announce...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date