O2 is set to close its final salary defined benefit scheme to future accrual due to poor economic conditions and the impending cost of auto-enrolment.
In a letter to its members, seen by PP, Prospect union said "tight financial constraints" on O2's parent company - Spanish telecoms giant Telefónica - had forced it to re-examine its pension arrang...
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
