SURGICAL instrument manufacturer Aesculap is to close its final salary scheme to future accrual in a bid to shore up a £3m deficit.
The firm intends to replace the scheme with a defined contribution plan into which it will contribute 6.6pc of members’ salaries. It has also pledged to pay off the DB fund’s deficit with additiona...
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