ACA survey reveals small firm DB pension provision virtually extinct

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UK - Defined benefit (DB) pension schemes operated by small businesses are now virtually extinct with 91% closed to new entrants, an Association of Consulting Actuaries (ACA) survey shows.

The ACA's 2008 smaller firms pension survey also revealed half of schemes in the sector are closed to future accrual. It added savings into defined contribution (DC) schemes in the sector are "w...

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