Only 3% of large DB schemes open to new members

Kristian Brunt-Seymour
clock • 1 min read

Only 3% of final salary defined benefit (DB) schemes with assets of over £1bn are now open to new members according to Barnett Waddingham.

The consultant's Big Schemes Survey 2016 found 64% of these DB schemes were now closed to new members with a further 33% also closed to future accrual. Over two-thirds (67%) of 160 schemes surve...

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Kristian Brunt-Seymour
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Kristian Brunt-Seymour

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