Axa is reviewing the viability of maintaining its defined benefit scheme due to an increasing deficit and the additional costs associated with the end of contracting out.
This comes after the industry warned DB schemes would be forced to close by the government's decision to bring forward the introduction of the single tier state pension from 2017 to 2016, ending co...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
