Soap and detergent group PZ Cussons and business and technology consultant Unisys are closing their final salary pension schemes to existing members.
Both firms say the closures are needed to minimise costs. Cussons, best known for its Imperial Leather and Charles Worthington ranges, plans to close the fund to new and existing members in May 2008....
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.