Vikki Massarano

From the blog: Significantly fewer than 1m lucky individuals were active members of private sector occupational DB schemes in 2015, compared with almost 5m in 2000, according to figures from the Office for National Statistics.

Once a scheme is closed, benefits for members who were active at the closure date are typically based on their service to and salary at that date, and then increased in line with inflation.

But legal cases in 2014 and 2015 mean schemes previously thought to be able to break the salary link may face significant increases in their liabilities.

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