Few Trustees Predict Cos. Will Adopt Flexible Pensions
Law360, London (April 8, 2019, 7:34 PM BST) -- Only 13% of pension scheme trustees and corporate sponsors predict their companies will adopt by 2025 a flexible pension scheme, which offers broad “ambitions” to savers rather than guaranteed annual payouts, according to a survey published Monday.
Broker Willis Towers Watson said that approximately one in eight, or 13%, of trustees and sponsors believe it is likely their organizations will start providing collective defined contribution schemes to their employees within six years.
The government recently approved plans to make the flexible pensions, known as CDC schemes, more widely available. The plans — which are popular in Canada, Denmark and the Netherlands...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!