The biggest concerns for the future for private sector defined benefit schemes are deficits, regulations and Pension Protection Fund (PPF) levies, according to the National Association of Pension Funds (NAPF).
In its Annual Survey for 2005, the association questioned over 400 employers responsible for a total of 1,117 pension schemes about topics including, concerns for the future, and their preparedness for A Day. With a rating out of 10, deficits came at the top of schemes’ concerns for the next five years with a score of around nine, closely followed by regulations and PPF levies which scored around eight to eight and a half respectively. Upcoming changes associated with tax and A-day came further down the list of worries, with around 80-90% of respondents saying they felt well prepared fo...
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