Anne-Marie Winton in Pensions Expert on AG Barr planned scheme closure
Anne-Marie said the number of schemes closing seemed to be settling in recent years.
Winton said there could be a core of schemes where the employer keeps their DB provision open “for philosophical reasons or economic ones”.
She added it could still be in employers’ interests to use DB in sectors where competition for talent is stiff. “It used to be argued it was good for recruitment, good for retaining talent.”
Read the full article in Pensions Expert here.
The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.