UK - Former employees of the £140m McDermott UK pension scheme have won an ongoing battle for a greater share of the scheme's £30m surplus.
The international oil giant – which is no longer in business in the UK – had planned to give members 35% of the final salary scheme’s surplus for improvement of benefits. But after a three-year ba...
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
