Merging pension schemes makes sense from a financial and practical perspective but advisers should think twice before recommending a move away from DB arrangements
Nearly all employers with a pension scheme for their employees are reviewing what they should do. Read any of the newspapers and all you can see is doom and sometimes gloom. And it is true that for the moment pension schemes are having a bad time. It doesn't help that the stock market is still rather lower than it might be. Nor does the fact the minimum funding requirements that encourage investments in the wrong sector have still not been abrogated. Nor that the pernicious and misleading FRS17, although sensibly suspended for the indefinite future, is still threatening to return and req...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes