Retail giant WHSmith's decision to close its final salary scheme to a dwindling memberships could become a blueprint for FTSE100 firms, an adviser claims.
The WHSmith Pension Trust has written to the few remaining active members of its defined benefit pension fund to propose transferring them to a money-purchase arrangement. The DB scheme was clo...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
