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FSA may close defined benefit scheme to future accruals

Emma Dunkley

20 March 2009 •

The Financial Services Authority has proposed to shut its defined benefit scheme to future accruals in a bid to cut costs.

The financial regulator's business plan revealed it will consult with current members of the final salary scheme "with a view to ceasing future accrual within that section from April 2010". The f...

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