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...

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