Implications for scheme members

Here we consider the consequences of a final salary scheme 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.

Read more about the final salary schemes below.