UK - Department store chain Beatties is boosting its pension contributions in a bid to close a £6.5m hole in its defined benefit scheme.
The company will increase its ongoing contributions from 3% to 16% while employee contributions will remain at 7%. It is also to start a series of cash injections – £600,000 a year – into the sc...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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