Defined benefit pension schemes will disappear from the UK this decade
Feb 22nd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The number of UK companies operating a defined benefit pension scheme is shrinking all the time, but the recent financial crisis has accelerated the demise of the final salary benefit, so much so that UK companies predict that defined benefit schemes will cease to exist within the next decade. This is according to a report and survey published last week, The future of corporate pensions, written by the Economist Intelligence Unit and sponsored by Buck Consultants.