Defined contribution schemes have serious defects which must be tackled by employers, government and the pensions industry to help address the nation's ageing population, an influential House of Lords committee warns.
It said saving more for retirement was made less likely as the current DC system was not fit for anyone who was not rich, or who moved in and out of work due to bad health or the need to care for o...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
