UTV to close pension scheme; Unions demand compensation for members

Holly Roach
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The company proposes to close the scheme on 29 March
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The company proposes to close the scheme on 29 March

UTV - the Ulster-based subsidiary of ITV - is planning to close its pension scheme to future accrual in a move it says is necessary to be fair to all employees.

The proposal is to close the organisations defined benefit scheme to future accrual for all members, having closed to new entrants a number of years ago. The statutory 60 day consultation period on...

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