Schroders predicts Europe/UK reform convergence

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EUROPE - Pension reform in Continental Europe is likely to follow the UK's growing preference for defined contribution schemes in the long-term due to the steep rise in the ageing population.

Gavin Ralston, executive director at Schroders, said: “Whilst pension reform in the UK and Continental Europe is addressing different problems, we do expect to see the systems converge in the futur...

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