DC savers to hit 16 million by 2020
In fewer than eight years there will be just one million defined benefit savers in the UK, while defined contribution schemes will cover 16 million workers, the Pensions Policy Institute predicts.
This shift in the structure of UK pensions by 2020 comes as the decline of DB provision accelerates, with just 16% of DB schemes still open to new members this year. The PPI said the introduction of...
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