Employer confidence in DB schemes falls

Research from Prudential shows out of more than 37,000 companies with 50 or more employees, only 10% feel positive about the defined benefit schemes (DB) they offer, while more than 13% say they have lost confidence in the scheme over the last 12 months. Prudential says the combined deficit of final salary pension schemes in the UK is more than £100bn, which is causing many companies to close their schemes, with 57% of schemes now closed to new members, compared to just 10% in 1997. To try and minimise these risks, the research carried out by Kadence, shows 21% of businesses are conside...