UNILEVER UK is to close its £5bn final salary scheme to new employers and set up a hybrid fund in its place.
A career average scheme has been proposed for new staff with an employee contribution of 5pc and covering pensionable earnings up to a threshold of £35,000. Above that limit, a defined contribution...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date