Employers predict continued retreat from DB pensions
UK - Over 40% of UK defined benefit (DB) pension schemes are expected to have closed to future accrual within the next five to 10 years, up from the current 6%, Watson Wyatt has found.
The Pension Plan Design Survey 2008 found over the same period the proportion of DB schemes open to new entrants would fall from 25% to 14%. Kathryn Armitstead, senior consultant, Watson Wyatt, said:...
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