An 11-year wait to distribute the £356m surplus from the UK's National Bus Company pension schemes to its members should end after court action next month. Transport minister Keith Hill said the trustees of the two pension schemes and representatives of the beneficiaries had reached a deal on the final distribution of the surplus.
He said that once the deal receives court approval, the distribution of the surplus to the 40,000 scheme members should be “largely” completed by October. The battle for the scheme surplus start...
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