Half of DB future accrual to cease by 2012

The consultant also found of those employers planning to keep their scheme open to existing members, 28% will do so on less generous terms. The research, which surveyed 250 DB schemes, found so far only 9% had closed to future accrual for existing members. "Companies who were delaying a decision on closing their schemes to existing members until others had stuck their heads above the parapet are now ready to act," says Watson Wyatt's head of corporate consulting Rash Bhabra. "There is a sense of inevitability that what was once seen as the nuclear option is starting to become the n...