LEGAL & GENERAL has proposed to cap increases in pensionable salary to 2pc per annum in a bid to reduce scheme liability growth.
The life and pensions firm said the decision only applied to its defined benefit scheme, which closed to new members over 10 years ago. A spokesman for L&G commented: "L&G has reviewed its DB pl...
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
