Some 17% of final salary pension schemes are now closed to new members and future accrual, National Association of Pension Funds research shows.
The figure, from its latest annual survey, was an increase from 3% in 2008 and 7% in 2009. The trade body said the figures pointed towards a "new phase in the decline of final salary" as schemes...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date