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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Express & Star pension scheme to close

The company that owns the Wolverhampton-based Express & Star titles is planning to close down the final salary pension scheme. Some 600 staff will be affected by the Claverley group's proposal to replace the current scheme with a defined contribution scheme. Chief executive Graham Evers pointed to "the continuing increase in both costs and unlimited risks facing UK pension funds" as the reason. There is to be a two-month consultation period. (Via Holdthefrontpage)

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