AXA insurance, who are registered in France, want our pension benefits turned into the poor money purchase system forced upon wokers in the private sector over the last five years.
AXA has called on the UK's three main political parties to spell out how they plan to tackle the increasing cost of generous public sector pensions. Paul McMahon, managing director of Axa Corporate Benefits, said: "An affordable solution for the country would be for the public sector to migrate towards offering defined contribution schemes (DC) as the private sector has already done. http://www.cityam.com/news-and-analysis/axa-wants-public-sector-pensions-cut
It would be interesting to see how much 'business' AXA generates from selling pension schemes and the insurance products that you have to buy with a DC pot at the end of your working life. You should email Paul and ask him? http://search.axa.co.uk/contact.html
