UK - The trend toward closing DB schemes in favour of DC shows no sign of abating in 2003, the Chartered Institute of Personnel and Development predicts.
It says up to 40% of firms plan to close existing DB arrangements to new employers in the near future.
It stressed that most organisations are now nurturing a two-tier system in the workplace, with employers tending to offer DB schemes to existing staff and a DC scheme to new workers.
Fidelity International has created global retirement savings guidelines to help employers and employees understand how much is needed to save for retirement, writes Kim Kaveh.
The Local Authority Pension Fund Forum (LAPFF) has announced the sudden death of its chairman, Ian Greenwood, on Monday (12 November) night at age 68.
Jonathan Stapleton wonders whether we need a thorough review of the principles for institutional investment decision-making