Tough times for pension trustees

There has been a lot of press comment regarding recent market volatility and the associated devastation of both defined benefit (DB) and defined contribution (DC) pension schemes.

15th November, 2008

There has been a lot of press comment regarding recent market volatility and the associated devastation of both defined benefit (DB) and defined contribution (DC) pension schemes.

‘Defined benefit’ describes the traditional type of pension scheme whereby an employer promises employee members a fix ed percentage of salary from retirement until death. In these, the employer takes the risk that the investments might not perform in line with expectations and undertakes to make up any...

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