Most final salary schemes closed to new members - papers 24 March

A SURVEY by the Association of Consulting Actuaries has found that two-thirds of final salary schemes are now closed to new members, and about 1-in-6 have done so in the past six months alone, The Times reports. The survey also found that 19 out of 20 employers thought the Pensions Green Paper would fail to stimulate pension reform. Instead, most employers want the government to scrap the state second pension, which they accuse of causing most of the red tape holding up the spread of occupational pensions. Only 1% of the 336 employers surveyed have joined stakeholder sc...