ACA

Senior industry figures have expressed their disappointment over the government's refusal to take any further action to develop collective defined contribution schemes.

The next government must drastically simplify pensions legislation to enable the development of shared-risk schemes as a logical alternative to defined benefit, Mercer says.

The government must do much more to back employers who are prepared to offer quality private sector pension schemes, Association of Consulting Actuaries chairman Keith Barton says.

The future of occupational pension schemes in the UK looks grim unless the industry can find a way to share the risk between employers and employees. One such approach, says Hamish Wilson, is collective defined contributions

UK - Some 87% of defined benefit pension schemes are closed to new entrants and 18% are close to future accrual, statistics from the Association of Consulting Actuaries revealed.

Some 87% of defined benefit pension schemes are closed to new entrants and 18% are close to future accrual, statistics from the Association of Consulting Actuaries reveal.

Risk sharing has come too late to save the majority of DB schemes, discovers Kelly Gregor. What is needed is deregulation and a more flexible approach from government

A survey of smaller firms has revealed the introduction of personal accounts and auto-enrolment is likely to herald a widespread levelling down of existing provision. Jonathan Stapleton investigates