Why Morrisons bucked the DB trend

Hannah Brenton examines the nature of the supermarket's cash balance scheme

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Supermarket Morrisons found itself at the centre of the debate on ‘defined ambition' after it opted for a cash balance scheme for auto-enrolment. Hannah Brenton examines the nature of the scheme.

Morrisons' decision to use a cash balance scheme for auto-enrolment runs contrary to the predominant theory that the decline of defined benefit provision spells doom for retirement incomes. The ...

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