ACA decries growing gap between public and private sector provision
Private sector pensions have suffered from a "seismic collapse" with provision falling far short of the public sector, according to the Association of Consulting Actuaries.
The ACA surveyed 468 employers running more than 560 schemes - with combined assets topping £114bn - and found 90% of private sector defined benefit schemes are now closed to new entrants and 40% are closed...
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