Daily Mail and General Trust is shutting its final salary pension scheme to new employees joining from October, the media group says.
DMGT said this closure to new entrants - along with a series of other unspecified changes to its defined benefit scheme - was due to future projections of increased life expectancy and "other cost pressures"....
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
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.