NAPF survey reveals further DB closures

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A FURTHER 3pc of private sector defined benefit pension schemes closed to new members in the past year, latest National Association of Pension Funds research reveals.

The trade body’s annual pensions survey showed 28pc of DB schemes, with a total of more than two million members, remained open to new entrants – compared to 31pc in 2007 and 33pc in 2006. And the...

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