Wolfson closes DB scheme to future accrual

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Wolfson Microelectronics is to close its defined benefit pension scheme to future accrual and is working with trustees to eliminate the scheme's £10m deficit within 10 years.

The Edinburgh-based firm announced the closure - effective from 30 April - in its first quarter results, published today. Chief finance officer Mark Cubitt told PP the legacy scheme had only 28 ...

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