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.
28 Jan 2013
- From the section Business