Joanne Segars,
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Pension scheme closures speed up

The closure of private sector pension schemes accelerated in 2012, says the National Association of Pension Funds (NAPF).

Its annual survey found that only 13% of final-salary schemes were open to new joiners, down from 19% in 2011.

NAPF Chief Executive, Joanne Segars, says the decline reflects the "real financial pressures" on employers.

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