The Department for Work and Pensions' (DWP) recently launched consultation on defined ambition (DA) will unquestionably encourage many corporate sponsors to continue to support their current defined benefit (DB) schemes.
Others will see the flexibility proposed as a route to reducing their costs. As benefits are made more flexible the cost of buy-out becomes more manageable. Lower premiums on offer from insurers as...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
