Almost one third of Defined Benefit respondents have closed their DB schemes to new members and more...
Almost one third of Defined Benefit respondents have closed their DB schemes to new members and more closures are to be expected, a new survey reveals. Figures out today by the Pension Fund Partnership's (TPFP), show that almost 50% more DB schemes have been closed to new members since 2001. This comes as TPFP has collected responses from over 242 schemes - representing a combined asset value of over £111bn and with over 3.1m members. But at the same time as the DB schemes continues to shrink, the survey also reveals an increased contribution to those schemes. A...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes