Ultra Electronics to close DB scheme to future accrual

Kristian Brunt-Seymour
clock • 1 min read

Ultra Electronics Holdings plans to close its £238m defined benefit (DB) pension scheme to future accrual from 5 April 2016.

The closure of the defence company's scheme was announced yesterday in the company's end of year results. Although the scheme covers the UK, Switzerland and Canada, the UK part forms around 95% of ...

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Kristian Brunt-Seymour
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