FirstGroup revamps scheme offering ahead of AE

Jonathan Stapleton
clock

FirstGroup has changed the accrual rates of its career average scheme and will introduce a defined contribution scheme for auto-enrolment.

The transport operator said it changed the accrual rates for the First UK Bus Pension scheme to make it more affordable and to compensate for the abolition of contracting out. FirstGroup used to...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Partner Insight: How workplace pensions can rise to age-old challenges

Partner Insight: How workplace pensions can rise to age-old challenges

The infrastructure is there, but the issue of long-term adequacy remains unsolved

Philip Smith, DC Director of TPT Retirement Solutions
clock 12 November 2025 • 7 min read
Almost ten million Nest members not contributing to their pension

Almost ten million Nest members not contributing to their pension

Less than four million members contributing to pensions, with average pot size £4,000

Jasmine Urquhart
clock 07 November 2025 • 1 min read
Research confirms value for money metrics can improve pension decisions

Research confirms value for money metrics can improve pension decisions

Simple metrics more effective than factsheets at communicating value

Jasmine Urquhart
clock 15 October 2025 • 2 min read
Trustpilot