Final salary schemes to close by 2010 - NAPF

Christine Farnish, chief executive NAPF, has said she can see such schemes closing altogether by 2010. She points at successive Governments hiking up responsibility and the level of benefits employers are required to provide their workforce through occupational (final salary) schemes. Meanwhile, Farnish is part of a handful of leading pensions organisations pledging support to the head of the Pension Commission, Adair Turner through a joint letter outlining various current principles of consensus on pensions reform. The letter falls in conjunction with the Pensions Commission seminar...