Defined benefit schemes have become an endangered species in the private sector in recent years. But now, it seems, there is a chance the unthinkable might be about to happen and firms could start to reopen their final salary plans to new members.
Pension deficits have been tumbling due to interest rates rises, buoyant equity markets and prudent funding by sponsors with shortfalls at Britain’s biggest firms now standing at around £31bn – the...
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