Marks and Spencer Pension Scheme

Marks and Spencer (M&S) has confirmed it will close its defined benefit (DB) scheme to future accrual in April 2017, following a three month consultation.

Marks and Spencer (M&S) has announced proposals to close its UK defined benefit (DB) scheme to future accrual as it sets out a turnaround plan for the business.

Robert McElvanney has been hired as a senior portfolio strategist by Santander Asset Management (SAM) and will work in the institutional side of the business.

Marks and Spencer has reached an agreement with the trustees of its defined benefit (DB) pension scheme to increase annual cash contributions for future service by £15m.

Here it is - the complete list of winners for this year's Pension Scheme of the Year Awards.