Cable & Wireless is set to split its main UK pension scheme into two as part of demerger proposals to separate into its two businesses, Worldwide and CWI.
The telecoms firm said it expected about half of the pension assets and liabilities will be transferred to a new, identical scheme created for Worldwide, its global network business, with the other...
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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
