ASDA closes the final salary pension scheme
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The decision will affect 3,800 workers of the company, which will be transferred to its cheaper Schem defined contribution. Photo: ALAMY
The supermarket retailer which is owned by an American Group Wal-Mart, says takes step to fight against the regime, which increased to 210 million shortfall of ￡ 400 m ￡ in less than a year.
The decision will affect 3,800 workers of the enterprise, which will be transferred to its cheaper déterminées.Membres staff contribution plan will be also offered assimilation of one-off payment to a quarter of their annual salary.
The ASDA move follows other companies closed their final salary schemes including Aviva, Barclays Dairy Crest, Morrisons and Vodafone.
Pension experts warned that many companies are struggling to hold these plans in the midst of the turmoil in the markets and the increase in longevity.
A company spokesperson said: "' we must address the déficit.Il has greatly increased, and it is important that we protect business in the future." "
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