Low yields and contracting out end to trigger spike in DB closures

Michael Klimes
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The number of defined benefit (DB) schemes in the private sector which close to accrual will surge over the next year according to a survey from Aon Hewitt.

The firm said the proportion of schemes closed completed could go from 50% to 60%. This is as depressed bond yields, the end of contracting out in April 2016 and spiking national insurance (NI) ...

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