Defined contribution (DC) pension assets are set to reach £1trn within five years and overtake defined benefit (DB) by 2031, according to Department for Work and Pensions (DWP) figures.
The DWP's modelling – published alongside the Pensions Commission interim report, adding to the report's data – show it expects DC scheme assets to surpass £1trn within five years, hitting £1.04trn...
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