Professionals 'may be facing more final salary pension closures'
Professionals in the UK are being warned that more closures of final salary pension schemes could be on their way as a result of the Government's pension plans.
.The statement was made by the Association of Consulting Actuaries (ACA) that said the main impact will be seen among smaller businesses, according to the BBC.
Following a study from the body, it said: "The results from this and other surveys shows ample evidence that levelling-down has been happening for some time and is predicted to continue apace by those who run private sector firms and schemes."
The ACA found that about 36 per cent of smaller businesses may switch to the new pension system.
Concerns have already been raised over recent tax changes by the British Dental Association and British Medical Association.
Source: BBC
Workers in professional jobs who are looking to discuss their pensions may wish to consult Wesleyan for Professionals.
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