UK - Workers at shelving company Dexion are set to lose up to 80% of their benefits after its pension scheme's deficit forced the company into administration.
Unions say Dexion – which had already been struggling under heavy debts – could not afford to put any more money into the scheme. When the trustees asked for more money to meet their minimum fundi...
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
