Employers should regain the flexibility to cap pension costs in difficult times, the Association of Consulting Actuaries says.
The Association of Consulting Actuaries has blasted the three main political parties' pledges on pensions as "threadbare at best" and "positively damaging at worst".
Incoming Association of Consulting Actuaries chairman Stuart Southall has questioned policy makers' willingness to take strong action on pensions.
Tom Selby previews the March 25 edition of Professional Pensions.
The Association of Consulting Actuaries has launched a six-point Retirement Income Manifesto ahead of the general election to address the "alarming decline" in private pension savings.
Some 51% of scheme managers believe the development of shared risk schemes would have benefited the industry if implemented, a survey by Professional Pensions has revealed (PP, February 4).
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.
Although the buyout market is showing signs of recovery, Sebastian Cheek explains that its expense still forces many DB schemes to seek alternative ways of removing risk from their balance sheets
Dorothee Gnaedinger discusses a middle way between final salary and defined contribution schemes