UK - Three FTSE 100 companies with a combined pension fund valuation of more than £14.5bn are to axe final salary provision to new members.
The £11bn Lattice Group Pension Scheme, the £3.1bn Marks & Spencer Pension Scheme and the £573m Rentokil Initial Pension Scheme all said that final salary provision was inappropriate and too costly...
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
