Hilary Salt says DC is merely a savings vehicle, and argues collective DC would provide a wage in retirement more efficiently
The past decade has seen a seismic shift in the way employers provide pensions, with almost all now having given up on providing any more defined benefit accrual. I don't agree that this outcome was necessary...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.