Further introduction of collective defined contribution (CDC) schemes could play an important role in tackling and improving adequacy in retirement outcomes, an industry panel has said.
The latest of the Society of Pension Professionals’ regular columns looks at the debates raised by the government's recently closed consultation on the future of DC.
Schroders has committed to running-on its defined benefit (DB) pension scheme – leveraging a portion of the surplus to partially fund its defined contribution (DC) commitments.
The transaction secures the benefits of 69 deferred members and 152 pensioners. First Actuarial led on the transaction – which was completed in "a matter of weeks" – while Osborne Clarke ...