M&S sets up 'bundled mastertrust' to replace current trust-based DC

Jenna Towler
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Marks & Spencer is set to replace its current pension scheme with a ‘bundled mastertrust' called Your M&S Pension Savings Plan in preparation for 2012.

The retail giant used provider Legal & General and consultant Hymans Robertson to create the new kind of pension scheme into which all eligible employees will be auto-enrolled from next autumn. ...

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