No easy options on risk

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Closing a defined benefits scheme to future accrual is a simple way of derisking, but as Gill Wadsworth points out, it is far from a problem-free solution and not the only option worth considering

The top 100 largest UK companies recouped £26bn of pension losses during the third quarter this year, but given that they are still grappling with a £64bn funding gap there seems little to cheer ab...

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