UK - Trade union Unifi has warned Abbey suitors they must guarantee staff pensions or have their bids referred to the Competition Commission.
Spanish bank Santander Central Hispano has already told the finance union that it would retain Abbey’s defined contribution plan and closed final salary scheme if its £8.2bn offer is accepted. A...
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
