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