Restructuring final-salary schemes (1): options for employers

This practice note examines the main options available for employers that want to restructure their final-salary pension schemes, with a view to reducing future contributions and administration costs. It includes closing a scheme to future accrual, changing early retirement terms, capping pension increases, increasing normal pension age and capping pensionable salary.

Faith Dickson and Eleanor Daplyn, Sacker & Partners LLP


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