UK - New employees at retail giant John Lewis may have to wait five years to join the partnership's £1.2bn final salary scheme.
The waiting period has been recommend by a special committee set up to reduce pension costs. The report – which recommends retaining the final salary scheme – will be discussed at a staff meetin...
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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here