Thomas Cook shuts DB scheme to future accrual

clock •

Travel agent Thomas Cook has closed its final salary pension scheme to future accrual.

The firm announced in its half-yearly report, published today, that it had reached agreement with trustees to close the scheme as of 31 March 2011. From 1 April, members of the DB scheme have be...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Jack Jones

View profile
More from Jack Jones

TPR's four priorities for 2016

FTSE 100 drops 3% to below 6,000 after China suspends trading for second time

More on Defined Benefit

DB schemes continue to show 'significant surplus', PwC finds
Defined Benefit

DB schemes continue to show 'significant surplus', PwC finds

The organisation said schemes reached a new funding record in October

Holly Roach
Holly Roach
clock 07 November 2024 • 3 min read
DB endgame strategies must have capacity for flexibility, says Hymans
Defined Benefit

DB endgame strategies must have capacity for flexibility, says Hymans

Consultancy outlines changes of scenarios which could alter endgame planning

Martin Richmond
Martin Richmond
clock 06 November 2024 • 2 min read
Scheme funding levels improved in October, Broadstone finds
Defined Benefit

Scheme funding levels improved in October, Broadstone finds

Broadstone Sirius Index finds rise in interest rates improved half-hedged scheme surplus to 101.8%

Jasmine Urquhart
Jasmine Urquhart
clock 06 November 2024 • 1 min read
Trustpilot