Gregg McClymont: ..., which is around collective defined contribution. What is the major flaw of individual defined contribution, and if that is your view, which collective defined contribution might or does have the ability to remedy?
...results on average for collective DCs enhanced performance and increased predictability of outcomes, which is the holy grail of pensions, but it also said it had significant doubt about the ability to manage risk in a way that is fair to different generations of scheme members and it had doubt about whether you would have stability in collective DCs in terms of its dependency on a new...