PPF publish the Purple Book for 2017
In its twelfth edition of the Purple Book, the Pension Protection Fund (PPF) reveals that while the proportion of open schemes has remained relatively steady in the twelve months to March 2017, the number of schemes closed to future accruals has seen a marked increase.
The figures show 12 per cent of DB pension schemes are currently open to new members, falling from 13 per cent in 2016 and down from 43 per cent in 2006 (when Purple Book records began).
Conversely, the number of schemes closed to future accruals has risen to 39 per cent in 2017, up from 35 per cent in 2016. This is a more notable rise when compared to the steady trend seen over the preceding years.
Read more or take a look at the book @The Actuarial Post
