Intercontinental Hotel Group is to close the defined benefit section of its UK pension scheme in response to the cut in the annual tax-free allowance.
In its third quarter results, the group - which owns the Crowne Plaza and Holiday Inn chains - said it would shut the scheme in July 2013, resulting in an exceptional credit of $28m (£17.5m). A spokeswoman...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.