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The defined benefit (DB) and hybrid pension scheme landscape has continued to shrink at a consistent rate over the past year, with the number of schemes falling by 2 per cent since 2022, the latest figures from The Pensions Regulator (TPR) have revealed.

TPR’s annual report on the occupational DB and hybrid scheme landscape showed that the percentage of schemes closed to future accrual has risen from 70 per cent to 72 per cent, while the proportion of schemes winding up remained steady at 4 per cent

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