More than two-thirds of final salary pension schemes, offered by firms in the private sector, are now closed to new employees, a survey suggests. The annual National Association of Pension Funds (NAPF) survey found that one in 10 private sector final salary schemes closed to new members in 2006. Employers are closing schemes to new joiners on the grounds that they cost too much to run and are too risky.

Link to BBC NEWS

Share on FacebookShare on LinkedInTweet about this on TwitterEmail to someone