Closure or Re-design of DB Schemes

Closure or Re-design of DB Schemes

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With the cost and risk of DB schemes increasing, employers are seeking to reduce or cease DB accrual.

The lawyers at Hogan Lovells have wide experience of acting for both employers and trustees on such projects. We help trustees navigate the challenge of responding appropriately to requests from employers to reduce or cease accrual. We support employers design and roll out projects to change accrual, bearing in mind the difficult message about the need for change that must be conveyed.