UK - Scheme members left out of pocket when their employers' scheme failed are to march on Downing Street to demand government action to restore their lost retirement savings.
Sunday’s protest will be led by members of the ASW, United Engineering Forgings and Dexion pension schemes.
They will be joined by members of the Sea-Land Service Pension Plan who are fighting to have their pensions savings reimbursed after their sponsoring employer, Maersk, wound up their under-funded scheme last year.
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.