Aviva and RAC to close final salary schemes

clock

Aviva has confirmed plans to close both the Aviva and RAC final salary schemes to future accruals.

The 7600 employees affected will be consulted on proposals to switch to the firm's staff money purchase arrangement from April 1, 2011. There are no changes for retired and deferred members. Avi...

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

More on Defined Benefit

Partner Insight: How to manage your journey to settlement

Partner Insight: How to manage your journey to settlement

Alana Corbett, Senior Consultant, Aon
clock 20 November 2024 • 4 min read
Partner Insight: Beyond the numbers - supporting vulnerable pensioners

Partner Insight: Beyond the numbers - supporting vulnerable pensioners

Just Group
clock 19 November 2024 • 4 min read
SPP: DB funding code will create clarity between funding, covenant and investment

SPP: DB funding code will create clarity between funding, covenant and investment

Survey finds 25% say code will establish ‘clearer TPR expectations’ for risk management

Martin Richmond
clock 14 November 2024 • 1 min read
Trustpilot