UK - Workers at steel giant Caparo are threatening to strike after the firm closed its final salary scheme and replaced it with stakeholder.
The industrial action is believed to be the first ever over a pension scheme closure. Two hundred workers at the firm’s plants in Scunthorpe and Tredegar have started an overtime ban and say the...
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
