The number of private sector employees in open defined benefit schemes has halved since 2004 and will continue to fall unless the government backs shared-risk schemes, actuaries warn.
Association of Consulting Actuaries’ chairman Ian Farr said latest figures showed the total now stood at 900,000 – down from 5 million in 1995 and 2 million in 2004. And he said the government’s p...
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, 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
