UK - The number of private sector employees still in open defined benefit (DB) schemes has fallen below the minimum long-term level expected by the Pensions Commission, Watson Wyatt has revealed.
John Ball, head of UK defined benefit consulting, Watson Wyatt, said: "In 2004, the Pensions Commission thought the decline in defined benefit provision might never get this bad. In fact, it has al...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date