Just prior to writing this, I chaired a panel debate for the UKs Pensions Management Institute in London on the various types of risk sharing arrangements which could be implemented in the UK. The background to the debate was that as it stands all the risk rests either with the sponsor when it comes to defined benefit schemes or with the employee when it comes to defined contribution schemes
One of the interesting points which came out was that perhaps UK society, and I suppose society in many other countries where raw DC is taking over, is not willing to share. People want what i...
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