Improved funding levels will not encourage firms to reopen final salary schemes - even with lower benefits - a survey by Professional Pensions reveals.
Three-quarters of PP’s panel of 100 top scheme managers said defined benefit schemes would not re-emerge should funding levels improve. Only 10pc of respondents believed some schemes would reopen should...
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
The Defined Contribution Investment Forum (DCIF) has reappointed Vivek Roy as chairman for 2019 following a vote at its annual general meeting last November.