UK - The number of employees whose defined benefit (DB) pension schemes are held by buyout players will rise to 180,000 by the end of the year, HSBC Actuaries and Consultants (HACL) has predicted.
HACL also said it expected between 500,000 and a million people to be part of schemes secured by insurance companies by the end of 2009, while the pension buyout market could grow to around £12bn t...
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