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Death knell of company pension schemes at hand


The death knell of company pensions schemes could soon be at hand according to accountancy and consultancy firm Mazars Neville Russell.


It says the propsed changes to accounting standards, the demands of the minimum funding requirements and the introduction of stakeholder pensions could deliver the final blow to company schemes.


The firm says the changes to the accounting period would make the cost of pension schemes more volatile and unpredictable.


The minimum funding requirements proposals may cause an imbalance in funding and stakeholder could spell the end of many smaller schemes.

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