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Final Salary Schemes - closure to new entrants

Here we consider the consequences for a final salary funds of its being closed to new entrants, the effects on employer attitudes and behaviour and the possible consequences for scheme members future pensions and employment.

Recent survey data and our own experience indicate that the majority of final salary schemes are now closed to new entrants and more may follow. Trustees and negotiators need to consider carefully what the long term consequences of this will be.

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