UK - BAe Systems' seven final salary schemes will be either closed to new members or modified following a review due next month.
A spokesman for the aerospace engineer confirmed that leaving the seven schemes – which are valued at approximately £9bn – unchanged was not an option. He disclosed that two options have been ta...
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
