DB closures pick up pace as PPF records another fall in open schemes

Meanwhile, just 39% remain open to future accrual, the lifeboat fund's Purple Book 2017 revealed - three percentage points down from the 2016 and the steepest fall since 2013 when there was a four percentage point fall in the number open to accrual. These 39% of schemes represent around 24% of all 10.5 million private sector DB members, with another 55% in schemes which remain open to new members. Larger schemes were most likely to be open to new members, with 19% of schemes with 10,000 or more members or between 5,000 and 9,999 members still accepting new recruits. Meanwhile, 61% ...