Workplace pensions could be reinvigorated by DA schemes

2014-03-13T21:51:52-07:00March 13th, 2014|Categories: Retirement|Tags: , , , , |

The UK’s workplace pensions market could be reinvigorated and the concept of ‘risk-sharing’ in pensions boosted if the Government were to prioritise adjusting key pieces of existing pension legislation as part of its Defined Ambition plans, says Mercer. The consultancy says that rather than attempting to create a new regime to stimulate the growth of, for example, Collective Defined Contribution schemes (CDCs), focus should be on revising current regulations to allow existing Defined Benefit (DB) and Defined Contribution (DC) [...]