NAPF Conference 2011: Suboptimal DC set up will fail future generations

Jenna Towler
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The current defined contribution set up is inefficient, in adequate and will lead to poor member outcomes for generations unless it is radically overhauled, delegates heard.

National Association of Pension Funds chairman Mark Hyde Harrison said final salary is a "legacy" and the industry must accept that defined benefit will not be reinstated. He said: "DC is the fu...

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