The closure of defined benefit schemes hit its fastest rate ever during 2012, with the proportion of open schemes falling from 19% in 2011 to 13% by the end of last year, National Association of Pension Funds figures show.
The association's 38th annual survey revealed 31% of schemes that were open at the start of 2012 shut down over the course of the year, compared to 23% in 2011. In addition, the research found r...
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