Closed DB plans in Ireland to reach 70%

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IRELAND - Some 70% of defined benefit plans could be closed to new members in the near future, double the amount two years ago, a report by the Irish Association of Pension Funds (IAPF) found.

"Many pension funds are on their knees and some are struggling for survival. The reality for pension provision is that companies and schemes are closing, many in deficit with severe consequences f...

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