Mitchells & Butlers will introduce a salary cap of 2% to its defined benefit pension scheme in a bid to curtail increasing liabilities, its interim results reveal.
The company said the move would "assist in mitigating future pension liabilities" by capping how much of an employees' future pay rises would be pensionable. The pub group, which owns chains All ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date