Nearly half of employers with defined benefit schemes still open to active members think they will close them to future accrual within three years, Watson Wyatt research reveals.
The consultant also found of those employers planning to keep their scheme open to existing members, 28% will do so on less generous terms. The research, which surveyed 250 DB schemes, found so far...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.