Amec Foster Wheeler shuts DB schemes; merges into DC

Kristian Brunt-Seymour
clock • 1 min read

Amec Foster Wheeler has merged its two main defined benefit (DB) schemes into a defined contribution (DC) arrangement after closing the biggest fund to future accrual.

The engineering and project management company shut down the schemes in April following an employee consultation at the end of 2015, which included online, written and face-to-face correspondence. ...

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