UK - Nearly two-thirds of Britain's biggest firms no longer offer final salary pensions to new members, a survey by Mercer Human Resource Consulting shows.
The research – which looks into FTSE350 annual reports with a December 31 year end – showed that the number of companies with schemes open to new members has fallen to 40% from nearly 66% a year ag...
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