Up to 70% of Irish defined benefit schemes which provide guaranteed benefits will soon be closed to new members
Oct 7th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The number of Irish defined benefit schemes - -where benefits payable to members are determined by the scheme rules rather than for example investment performance i.e guaranteed - - which will be closed to new members is likely to double from 35% two years ago to 70% in the near future according to research from the Irish Association of Pension Funds (IAPF). The research was presented in Dublin today to the IAPF’s conference on “The Defined Benefit Challenge” which was sponsored by Alder Capital.