M&S confirms DB will close to future accrual
Marks and Spencer (M&S) has confirmed it will close its defined benefit (DB) scheme to future accrual in April 2017, following a three month consultation.
The plan was first mooted in May when the retail giant said it would aim for a "fairer, simpler and more consistent approach" to pensions. The closure is despite the scheme, which closed to new members...
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