Pension scheme closures will accelerate over next five years

The next five years will see more and more private sector defined benefit (DB) schemes close to new members or shut for further accrual, according to the National Association of Pension Funds (NAPF).
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission