Tate & Lyle to close final salary scheme to future accrual

clock

Sugar manufacturer Tate & Lyle will close its UK final salary pension scheme to future accrual from April, next year.

The firm said it made the decision to the close the scheme to cut costs and reduce balance sheet volatility. Despite a marked improvement in the company accounts - with net debt falling 34% to £...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Endgame strategies for DB schemes

Partner Insight: Endgame strategies for DB schemes

Aon
clock 11 June 2025 • 1 min read
Average time to buyout falls to record low in May, Barnett Waddingham finds

Average time to buyout falls to record low in May, Barnett Waddingham finds

DB End Gauge Index reveals average time to buyout for FTSE 350 schemes fell to 3.6 years last month

Martin Richmond
clock 10 June 2025 • 1 min read
PPF posts £18.6bn rise in scheme surpluses during May

PPF posts £18.6bn rise in scheme surpluses during May

Rise in bond yields caused DB schemes’ asset and liability values to fall

Jonathan Stapleton
clock 10 June 2025 • 4 min read
Trustpilot