Consultant suggests caution on DB closures

Jenna Towler
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As employers across the country dream of jettisoning their defined benefit obligations in one fell swoop, a consultant has urged them to consider other options, even keeping the scheme open to future accrual.

Aon Hewitt benefit design specialist James Patten has warned sponsors their desire to follow the crowd and close their scheme entirely could actually leave them worse off than keeping the scheme up...

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