UK - Steel workers at Caparo have begun a series of one-day strikes over the closure of the firm's final salary scheme.
But the steel giant insists it had to axe the scheme because soaring pension costs were jeopardising the firm’s future. Director Angad Paul said Caparo had to end the “unlimited and unquantifiab...
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
