NO MORE clocking off?

Pickard, Jane
May 2009
People Management;5/21/2009, Vol. 15 Issue 11, p18
The article discusses why the old pensions model failed and explores how employers are trying to raise money for their pension schemes in Great Britain. It states that big defined benefit schemes are declaring huge deficits because of the decline in value of the shares and bonds in which they invest. These deficits caused the move of the companies to implement other types of pension such as defined contribution (DC) schemes, where employees take the risk. Solutions to problems with company pensions are discussed.


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