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I guess anyone working in retail who has a DB pension is going to be worried about the possibility of falling into the PPF, so it may make sense to bite the bullet and close to future accruals now.

I'd be slightly wary of spinning this (as John Lewis does) as "saving approximately £80m in annual pension costs", since the other side of the coin is that there's a reduction in benefits provided (at the very least in the sense that benefits are no longer quite so well defined, as a result of the shift from DB to DC).