The face of pensions is changing as the world of work undergoes seismic upheavals and mounting uncertainty. Final salary schemes with their promise of retirement certainty are now all but closed, but not before the mistrust created by a number of high profile negligent and criminal mismanagement cases rocked the reputation of pensions as a whole. The move away from “a job for life” and an increasing emphasis on agile working has brought about more fluid, flexible staffing models. With people far more commonly advancing their careers - and even gaining continuity of employment - by moving from role to role, it makes sense to gear pension delivery to increased staff mobility.
Article by 18 April 2019