One in six defined benefit (DB) sponsors are considering closing their schemes as one of a range of options when contracting out ends, according to Aon Hewitt.
Chancellor George Osborne confirmed in his 2013 Budget that contracting out will end in 2016, a year earlier than originally planned, as part of the transition to the flat-rate state pension (PP On...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date