Rathbone Brothers to close final salary scheme after Brexit volatility
Wealth manager Rathbone Brothers will close its defined benefit (DB) scheme to future accrual and axe the final salary link after its deficit ballooned following the EU referendum.
The changes will come into force from 1 July after the company consulted members on its plans, which were driven by concerns over the funding gap increasing by £53.8m in just nine months. The firm announced...
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