Wincanton is closing its defined benefit (DB) schemes to existing members, 11 years after shutting its doors to new members.
The logistics company announced last month that it was opening a consultation to close the schemes on 1 April 2014. The schemes closed to new members in 2002, at which point it reported a defici...
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, 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
