Last post needs first-class advice

February 2007
Money Marketing;2/15/2007, p49
The article comments on the dramatic decline of defined benefit schemes in Great Britain. Many companies who have closed their final-salary schemes to new members are closing them to future accrual. The end of the schemes is dictated by harsh economic reality. However, in some cases, employers are citing the harsh economic reality as an excuse for leaving their staff without the benefit schemes. The Government should issue longevity to ease some of the pain by reducing deficits.


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