Future accrual

Zurich is consulting employees about closing its final salary schemes to future accruals.

Heating and plumbing giant Wolseley has seen its UK defined benefit (DB) deficit fall 90% due to strong asset rises, as the scheme closes to future accrual.

Greene King has seen its defined benefit (DB) deficit fall 5% after it closed its three schemes to future accrual, its year end results show.

Sainsbury's has announced it is consulting staff members on closing the company's defined benefit scheme to future accrual.

Kingfisher has increased its defined benefit surplus after closing its scheme to future accrual during the 2012/13 financial year, its preliminary results show.

Construction firm Balfour Beatty has seen its combined deficit increase by 23% as it consults with members on closing schemes to future accrual.

Engineering giant GKN has split its UK defined benefit scheme into two in its latest annual move to curtail scheme deficits and reduce risk, its 2012 final results reveal.

HSBC is to close its defined benefit scheme to future accrual next year after launching a consultation with employees.

Greene King is to close its three defined benefit schemes to future accrual after a consultation with active members, its half yearly report announces.

The Mitchell & Butlers scheme deficit has increased from £37m to £88m from 2011 despite increases in asset value and employer contributions.