Private sector pensions have suffered from a "seismic collapse" with provision falling far short of the public sector, according to the Association of Consulting Actuaries.
The ACA surveyed 468 employers running more than 560 schemes - with combined assets topping £114bn - and found 90% of private sector defined benefit schemes are now closed to new entrants and 40% a...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
