DB schemes taking contributions holidays despite "crisis"

The number of final salary schemes closing to new members has doubled over the past year even as a quarter of such schemes have been taking contributions holidays at the tail end of the worst bear market since the 1940s. The result, contained in the latest NAPF Annual Survey of members, may raise questions about just what constitutes a crisis for its members. Even NAPF chairman Peter Thompson says the fact 24% of DB schemes are taking a contributions holiday suggests "they are in good health". 84 DB schemes closed to new members in the past 12 months compared to 46 at t...