UK - Companies are closing their schemes to new members safe in the knowledge that they can be easily wound-up within five years, consultants claim.
They say high staff turnover means that if schemes are closed to new members, their membership will soon decline to the point at which a wind-up can be carried out with the minimum of bad publicity...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here