Many more pension schemes will close in the next five years, to both new and existing members, a report has said. Just 23% of final-salary pension schemes in the private sector are still open to new joiners, the National Association of Pension Funds also said. A year ago the figure stood at 28% but since then more schemes have closed, both to new members and existing ones. The NAPF said the drop in the number of schemes that were still open was greater than in the previous two years.
BBC News
Related
