Final salary members of the AA UK defined benefit (DB) scheme are to move to a career average segment in a bid to stem the deficit.
Around 2,000 final salary members will enter the career average revalued earnings (CARE) section, which will also swap indices from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI)....
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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
