UK - Home improvement retailer Kingfisher is closing its final salary pension scheme to new entrants and increasing member contributions in a bid to cut costs.
The firm, which owns the B&Q do-it-yourself chain in the UK, will offer new staff a defined contribution scheme with equal 3% employee and employer contributions from April 1. The 10,000 staff w...
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
