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Only 11% of UK defined benefit (DB) schemes remain open to new entrants and almost exclusively, employers that have moved away from DB have moved to defined contribution (DC). However, is there another option that needs to be considered?
What options are there if you run a DB schemes and don’t want to move fully to DC? If you are looking to harness the advantages of DC schemes, but want to provide a more cost-effective benefit structure for members, in a way that is more sustainable and is less affected by the headwinds faced by DB schemes, this briefing note is for you.
Follow our ten steps to see how this can be achieved by creating a DB/DC hybrid that includes the best of both worlds, as well as ways to improve both the DB and DC parts.
