A changing landscape: 25 years of pensions
Occupational pensions was launched in June 1987. We look back at some of the developments in the past quarter of a century.
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Type of provision: Defined-benefit to defined-contribution
Table 1: Trend from defined-benefit to defined-contribution active members
Changing attitudes to compulsory membership
Less volatile investment
Use of professional advisers increases
25 years young
Table 2: Pension landmarks June 1987-2012.