Stagecoach forms new DB scheme following London bus division sale

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TRANSPORT group Stagecoach has pledged £60m to a new pension scheme for its London members following the sale of its London bus operations to Australia's Macquarie Bank for £263.6 million.

PP reported in March that the firm was in talks with trustees and employee representatives to review its pension arrangements amid concerns about how low investment returns and increased longevity ...

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