The market shift towards defined contribution schemes will accelerate over the next few years due t...
The market shift towards defined contribution schemes will accelerate over the next few years due to the lengthening mortality of pensioners, according to Phillips & Drew. The group said an unprecedented surge in mortality improvements in the generation of people at or nearing retirement has not been fully recognised by many pension schemes, with some underestimating liability by up to 30%. This is leading many employers to look at defined contribution schemes in order to lessen the liability in matching increasing pension contributions. It could also lead to a cessation of pension con...
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