UK - Employers are dumping newly-established defined contribution plans in favour of stakeholder and group personal pensions, industry leaders warn.
Lawyers and professional trustees say thousands of small and medium-sized firms have closed the DC plans they set up after axing final salary arrangements and switched to contract-based plans from insurers.
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.