More firms abandon DB pension schemes

Allen, Andy; Stevens, Michelle
August 2010
People Management;8/12/2010, p9
The article discusses a report by Lane Clark and Peacock (LCP) which shows that the biggest companies in Great Britain spent record sums in 2009 for their defined benefit (DB) pension schemes and that many companies were continuing to move away from DB schemes. Premier Foods is given as one example of a company indicating the closure of its final salary pension scheme. Royal Dutch Shell is listed as the company that made the largest contribution to its pension fund in 2009.


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