UK - Transport and energy group Alstom UK is closing its final salary scheme to new members - replacing it with a new hybrid scheme that shares risk more evenly with workers.
The Retirement Capital Plan will supersede the old £1.2bn Alstom UK Pension Scheme in October and will guarantee that 20% of workers’ salary is placed into the fund every year. Employees will only ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date