Private sector sees change in final salary pensions
The number of private companies that have closed their final salary pension schemes has gone up by a third in the last year.
A report by the National Association of Pension Funds suggests that nearly a quarter of pension schemes are also shut to new staff and to future contributions from people who already have pensions. That figure is up by a third since 2010.
The NAPF has also found that 30% of companies expect to close their pension schemes entirely in the next five years.
Radio 5 live Wake Up To Money spoke to Joanne Segars, the NAPF's chief executive.
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15 Dec 2011
- From the section Business