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
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.