Closing days of DB schemes

By Meagan ReesFebruary 2006 (Magazine)

Spiralling costs, regulatory obligations and longevity are among the critical factors putting final salary pension schemes on the proverbial chopping block. Recently, the £2.4bn (€3.5bn) ScottishPower pension fund joined the ranks of Rentokil, Philip Green’s Arcadia retail group and the Co-operative Group, after proposing to shut the doors of its ...