DWP promotes hybrid pension schemes

The reports collectively assess the practical experience, growth prospects and sustainability of various hybrid scheme designs and the many possible outcomes according to the situation of an individual. It also looks at the popularity of hybrid schemes within the workplace pension provision. The DWP says the reports forms part of an effort to raise awareness of risk sharing and hybrid pension plans in competition with the more established final salary defined benefit (DB) and pure defined contribution (DC) plans, while also gaining better understanding of pension scheme design within the ...