Corporate Pension Benefits in an era of Global Competition: From DB to DC
The presentation can be downloaded here.
- Over just a decade, the UK has witnessed the closure of defined benefit (DB) occupational pensions in the private sector.
- Once assumed to be an integral component of human resource management, DB pensions have been replaced by a very different retirement savings vehicle – defined contribution.
- How and why this has come to pass is one element of this presentation – the other being the problematic nature of DC pensions.