High street giant Debenhams is planning to replace its fully funded final salary scheme with a stakeholder, PP has learned.
Members are being consulted over proposals to close the £504m Debenhams Retirement Scheme to new entrants from November 1 and future accrual of benefits will cease for active members from October 3...
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
