Asda petitioned by 2,000 workers over 'unfair' planned DC reforms

James Phillips
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Asda will bring two DC schemes in line with AE minimum contributions
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Asda will bring two DC schemes in line with AE minimum contributions

Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.

The plans would see current employer contributions to the defined contribution (DC) ‘Step Up' scheme, which match employee contributions up to 3%, be cut to the minimum legal requirement of 2% under auto-enrolment...

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