Regulator hints at slow down of DC shift and calls for action

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Even as the UK's Pensions Regulator unveiled its new strategy on tackling the risks inherent in defined-contribution (DC) schemes on 25 April, its head of strategy, John Ashcroft, hinted at a let-up in the number of defined-benefit (DB) schemes closing to new members.

He says that there are strong indications that the market for DB risk management products is growing, and that an increasing number of these products are being aimed at smaller schemes. "Our impression is that many employers are