KPMG's members set to take legal action

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UK - Members of the KPMG Staff Pension Scheme are to take legal action to prevent trustees and employers switching their entire funds' assets into gilts.

The planned move – affecting only members of the pre-April 2000 fund – will lock in a deficit of 20% and lead to cuts in the amount of pension each member is entitled to. Former employees of KPM...

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