UK - A third of all companies run DC schemes for their executives, research from consultant Towers Perrin shows.
This is a three-fold increase from 2000 when the extent of DC provision for company directors was measured at 10%.
And the consultant believes the number of executive DB pension scheme closures will soon mirror those of mainstream schemes.
Towers Perrin surveyed 67 companies within the FTSE250 and found that 31% of firms that offer DB schemes to executives, plan to switch to money purchase provision within the next two years.
The Howden Group Pension Plan has completed a full pensioner buy-in with Legal & General (L&G), insuring benefits for around 2,000 members.
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Concern about the potential impact on employer covenants has been rated the top risk for defined benefit (DB) schemes, according to a PTL survey.
Jonathan Stapleton says the DWP's progress on CDC is a welcome, and cautious, step forward.