When the UK, Dutch and Swedish pensions ministers met in January, an odds-on bet is that they discussed their respective pension reforms. The proposed overhaul in the Netherlands involves the likely move away from the intergenerational ‘black box’ of an overly complex pension system. Conversely, the UK is trying to bring back a more palatable form of risk sharing with its plans for collective defined contribution (CDC) schemes, which are to be introduced in legislation currently before Parliament.
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