Big ideas for DB pensions look more harmful than helpful
Jeremy HuntIs the answer to the UK’s chronic under-investment problem really down the back of the pension sofa?set-out how defined contribution pensions should invest 5 per cent of their assets in private equity, venture capital and start-ups.
Still, something is happening. The government says “there may be potential for the assets held by DB schemes to work harder for members, employers and the economy” andby switching from boring bonds and gilts to equities and other— setting-up a newwith economies of scale and expertise. DB pensions, with no guaranteed annual inflation increases, used to be effectively “with profits” — members shared the risk and return of asset performance. Good performance meant a pension increase, poor performance meant no increase.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Jeremy Vine apologises for cringeworthy Beyoncé blunderA listener said they almost crashed their car after the gaffe.
Læs mere »
Hollyoaks' Kurt Benson star Jeremy Edwards explains why he's quit actingHollyoaks alumni Jeremy Edwards, who was once engaged to S Club 7's Rachel Stevens, has turned his back on fame to pursue a normal career after deciding to part ways with his agent
Læs mere »