The public sector will be forced to scrap final salary schemes and switch to money-puchase plans, BlackRock's head of defined contribution sales predicts.
And Emma Douglas told PP the industry would face “a wave of change” as major defined benefit schemes closed to future accrual over the next three years. She said DC was the only realistic option f...
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
