FRIENDS Provident is set to shut its pension scheme to new members and introduce a money purchase arrangement from July next year.
The move – which follows a triennial review of the scheme – will also see employees who are currently members of the Friends Provident Pension Scheme see their contributions rise from 3pc to 7pc o...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
