UK - Over half of UK companies reviewing their final salary pension schemes have opted to close it to new entrants. According to a survey from consultants Watson Wyatt only 33% have decided to make no significant change.
Some 55% of the 219 companies in Watson Wyatt's 2002 Pension Plan Design Survey - to be released later this month - have conducted a major review in the past five years. Of these, 56% have close...
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