Dramatic increase in pace of DB scheme closures

clock

The decline of final salary defined benefit pension schemes has escalated dramatically over the past year, National Association of Pension Funds research shows.

The industry body's annual survey of its members found almost a quarter (23%) of pension schemes have shut to both new staff and future contributions from current members. Only 17% of schemes we...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Should Waspi women be compensated for SPA communication failures?

Buzz: Should Waspi women be compensated for SPA communication failures?

Waspi women, dashboards staging and corporate sole trustee

Professional Pensions
clock 26 March 2024 • 1 min read
Industry reacts to WPC report on DB schemes

Industry reacts to WPC report on DB schemes

Industry welcomes findings of report which called for improvements to DB surplus management

Jasmine Urquhart
clock 26 March 2024 • 4 min read
IGG opens Edinburgh office as part of further regional expansion

IGG opens Edinburgh office as part of further regional expansion

Office based in centre of Scotland’s capital to house the staff of IGG acquisition IC Select

Martin Richmond
clock 26 March 2024 • 1 min read
Trustpilot