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
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
