65,000 affected by scheme wind-ups - DWP research

More than one in two of these members have also lost more than half of their pension savings. Latest research by the DWP suggests tens of thousands of people have made "significant" losses of 20% or more of their estimated pension benefits because of under-funded scheme wind-ups by their employers. The DWP estimates the majority of people, who have already lost some or all of the savings, have experienced losses of 30% or more. Some 35,000, however, have made losses of 50% or more. In May, the government announced it was to launch a £400m 'lifeboat' for these people who have alread...