UK - Bus company First Group has rationalised its 35 pension schemes into one new scheme for all its employees.
The new career average final salary scheme will have an initial active membership of 12,000 and a fund size of over £250m. The move follows 10 months of negotiations between the Transport & Genera...
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
