M&S confirms DB will close to future accrual

James Phillips
clock • 1 min read

Marks and Spencer (M&S) has confirmed it will close its defined benefit (DB) scheme to future accrual in April 2017, following a three month consultation.

The plan was first mooted in May when the retail giant said it would aim for a "fairer, simpler and more consistent approach" to pensions. The closure is despite the scheme, which closed to new ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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