Written for Pensions Week, this article reviews how UK final salary pension schemes are sapping UK competitiveness.
A note explaining why mutual insurance for pension schemes should be considered.
The move away from final salary schemes does not have to be a disaster at all. Dr. Altmann believes the demise of DB was always inevitable for private companies and final salary schemes are not always as good as they are currently thought to be.
This note discusses the reasons for closure of DB schemes, how the trend may be slowed and what we need to do to ensure DC works better in the UK.