Haynes Publishing closes DB scheme to new entrants

Stephanie Baxter
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Haynes Publishing Group has shut its defined benefit (DB) pension scheme to new entrants as the company's revenues have fallen in the past year.

In its annual financial results today the Somerset-based publisher of car manuals revealed it closed the UK scheme in June. The scheme reported a deficit of £13.3m on 31 May 2015 under the IAS 1...

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