UK - WHSmith Pension Trust has closed its final salary scheme and will be transferring the scheme's active members to a defined contribution plan.
WHSmith claimed it had "made efforts" to save the final salary scheme and contributed £282m to it over the last four years. The company had also agreed to pay an additional £10m into the scheme ov...
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