Only 3% of final salary defined benefit (DB) schemes with assets of over £1bn are now open to new members according to Barnett Waddingham.
The consultant's Big Schemes Survey 2016 found 64% of these DB schemes were now closed to new members with a further 33% also closed to future accrual. Over two-thirds (67%) of 160 schemes surveyed...
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.