Around a third of small companies may abandon final salary schemes in favour of personal accounts, the Association of Consulting Actuaries warns.
Its 2007 Review and Pension Trends Survey Report says 36pc of smaller employers – those with less than 250 workers – may close their defined benefit scheme. The same percentage said it was likel...
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