UK - Workers at Exel Logistics will take "whatever means" necessary to keep the £1.6bn final salary pension scheme open to new members.
Exel wants to replace the scheme in April with a money-purchase plan for new employees. It claims the move is part of its policy to simplify pension arrangements following its merger with Ocean Gro...
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
