db

Just one quarter of over-55s

Time to put the DC house in order

DB liabilities likely to rise

Follows collapse of retailer BHS

(*But were afraid to ask)

Financial advisers are expected to benefit from the new regime which allows transfers between defined benefit (DB) and defined contribution (DC) schemes to the tune of £3.39m per year.

Zurich is consulting members about closing its final salary schemes to future accrual.

Pension savers are increasingly concerned about the size of their pension fund on retirement, according to Aon Consulting.

It will take more than 20 years to recover pension fund deficits if contribution rates remain unchanged, Towers Perrin warns.

One in five pension schemes say they will level down either by lowering contributions or switching new employees to Personal Accounts from 2012, according to the NAPF's annual survey of 502 schemes.