UK - Supermarket giant J Sainsbury is aiming to slash its early retirement costs by £6m a year.
The £2.62bn J Sainsbury Pension and Death Benefit Scheme says early retirement currently costs £14m a year. But it believes huge savings can be made by requiring staff to give six months’ notice...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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