More firms should consider capping final salary funds or implementing cost-sharing arrangements in a bid to avoid closing schemes, PricewaterhouseCoopers says.
The financial services advisory firm said capping defined benefit and providing a defined contribution arrangement on top would protect lower-earning employees and be easy to communicate. And it...
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