UK - Less than 15% of final salary schemes will be open to new members within two years, the Association of Consulting Actuaries warns.
And it is urging the government to take “speedy action” to halt the shift away from defined benefit provision. The ACA said its survey of 336 firms found that 72% had already either closed their...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date