DB schemes continue to close to future accrual

94% of DB schemes no longer accepting new entrants

Martin Richmond
clock • 1 min read
DB schemes continue to close to future accrual

The number of defined benefit (DB) schemes that closed to future accrual continued to increase across the year, according to Aon.

The firm's 2022 DB Pension Design Survey of over 330 DB schemes found 88% have reviewed the DB benefits they offered and 72% opted to close their scheme to future accrual, representing a 4% increas...

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