Just 19 companies in the FTSE 100 provide DB benefits that incur ongoing service costs of more than 5% of total payroll, according to research by JLT Employee Benefits.
According to the report, companies are reacting to the combination of challenging economic conditions, rising pension costs and onerous pension regulations by closing pension schemes to future and even...
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.