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PIC says renaming DC pensions could increase engagement and confidence among savers
The Pension Insurance Corporation (PIC) has called for defined contribution (DC) pensions to be renamed, saying the current name falls short of meeting the expected definition of a pension.
The insurer based its proposal on an internal campaign it ran with its 500 staff, and an accompanying report which found several employees felt "unhappiness and disappointment" with how their DC pe...
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