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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
