There are huge numbers involved here: defined benefit pension schemes account for around # 1.1 - trillion of pension assets. (socialliberal.net)
Meanwhile this week it was reported that more than half of those defined benefit pension schemes still open to new members will be closed due to the current economic situation. (conservativehome.blogs.com)
Changes to defined benefit pension schemes set to come into effect in 2016 could see retirement incomes fall, as the state pension scheme is revamped. (moneystepper.com)