TITLE

Only a final few left in private sector DB

AUTHOR(S)
Pow, Helen
PUB. DATE
June 2009
SOURCE
Money Marketing;6/11/2009, p23
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the elimination of the salary pension schemes by Barclays PLC and BP PLC in Great Britain. BP announces that it will no longer offer defined-benefit (DB) scheme to its new employees, meanwhile, Barclays reveals to introduce defined-contributions and end the provision of accrued pension starting December 2009. It reveals that the move of both companies aims to reduce costs in times of the economic crisis.
ACCESSION #
42539265

 

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