UK leisure giant Bass is to transfer £1bn worth of pension fund assets to a new Bass Brewers scheme in August. The move follows the sale of its brewing arm to Belgium-based Interbrew last year.
The new plan will essentially replicate the same benefit structure as the existing Bass pension plan, a 60th defined benefit scheme. The split affects over a third of the pension fund’s members ...
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
