DB closures to future accrual to surge in next five years

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Most UK companies will continue to run final salary schemes in the short-term despite crippling liabilities, research from the Confederation of British Industry and Watson Wyatt reveals.

A joint survey of British businesses revealed 86% of pensions managers have no plans to close their scheme to existing members in the next two years, despite 56% saying pension costs have had a ‘se...

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