The next government must drastically simplify pensions legislation to enable the development of shared-risk schemes as a logical alternative to defined benefit, Mercer says.
The consultant said recent market conditions have exposed the weaknesses in the two extremes of pension scheme design - final salary DB and pure defined contribution. It said more emphasis shoul...
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
