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Freezing a defined benefit plan is only a half-measure that slows the growth of the plan, but does little to alleviate the associated market and mortality risk. It is for this very reason that most senior finance executives are examining a variety of solutions to contain growing pension risks. However, they are dissatisfied with the range of currently available options and, to some extent confused or put off by the competing claims of potential solution providers.

Cecil Hemingway

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