Final salary pensions in the private sector have closed their doors to new staff at the fastest rate on record, with just 13% of final salary pensions were open to new joiners in 2012.
According to a study by the National Association of Pension Funds (NAPF) out today, that represents a drop of a third from 19% in 2011, and the steepest fall since comparable data began in 2005, when 43% were open.
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Original Page: http://www.hrzone.co.uk/topic/strategies/final-pensions-rip-private-sector/126987
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