FOUR out of five of the UK's defined benefit schemes are closed to new entrants, a survey by the Association of Consulting Actuaries reveals.
The survey of more than 330 employers – with scheme assets exceeding £127bn and more than 2.1m members – showed 81pc of DB schemes are now closed to new entrants, up from 68pc two years ago. A total...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point