DMGT makes moves to shift DB to cash balance arrangement

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Daily Mail and General Trust has introduced a raft of changes - moving members of its defined benefit scheme to a cash balance arrangement by March 2012.

Benefits accrued before 1 April 2011 will be preserved but delinked from pensionable earnings and future increases will be in line with the Retail Prices Index, capped at 5%. The measures requir...

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