The research found that employers will consider making changes to scheme eligibility conditions or benefit structure to avoid contributions to Personal Accounts. The full report will be launched at this year’s PMI Spring Conference ‘Making Pensions Fit for Purpose Again’ which will be held at Cavendish Conference Centre London, W1 on Tuesday 11 March 2008. John Wilson, head of research at HSBC Actuaries and Consultants, says:”Many people are simply resigned to the fact that the defined benefit to defined contribution trend is terminal.
However, there is evidence to suggest that, subject to the right regulatory environment, employers want to do more. So, there could still be a future for risk sharing schemes. The question is what will these schemes look like and how will the risks be shared between employers and employees?”
