Scheme closures

Trustees of the Rentokil pension scheme have reached a provisional agreement with the sponsor on a plan to eliminate its £80m deficit.

Heineken has closed its defined benefit scheme to future accrual and replaced it with a defined contribution arrangement.

James Cropper has closed its final salary scheme to future accrual, cutting its pensions deficit by 90%.

More than 700 support staff at the University of Sheffield are striking today over plans to move lower paid staff from a final salary to cash balance scheme.

Severn Trent is consulting with its employees on closing its defined benefit scheme before its auto-enrolment commitments kick in.

Britvic closed its defined benefit pension scheme to future accrual in April and switched all members to its existing defined contribution plan, results show.

Pub group Mitchells & Butlers has closed its defined benefit pension scheme to future accrual helping it cut the fund's deficit by £112m in the last year.

More than a hundred Unilever workers have demonstrated outside the company's annual general meeting today, saying plans to scrap its final salary pension scheme are a "betrayal".

Travel agent Thomas Cook has closed its final salary pension scheme to future accrual.

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.