Co-operative Bank has been given the right to a refund of surplus in the Britannia Pension Scheme, after consulting the trustee and lawyers.
This means in the event of the multi-employer defined benefit scheme being wound up, the bank would be entitled to receive any surplus. During the first half of the year the bank said it worked ...
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
