SAINSBURY'S staff could be left with just 25pc of their pension if they switch to a new cash balance plan, a consultant warns.
The J Sainsbury Death and Pension Scheme’s 30,000 members were told in April they must raise their contributions by an average of 3pc of salary from September 2006 to retain their existing benefits...
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, 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
