Atkins shuts DB

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UK - The Atkins Pension Plan has shifted around 1,700 members to its defined contribution (DC) pension scheme after it closed two of its defined benefit (DB) sections to future accrual, according to MandateWire.

The £683.5m ($1.33bn) pension plan is also reviewing UBS Global Asset Management's UK equities mandate after concerns over performance. Sarah Newell, pensions manager at Atkins, told MandateWire...

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