chain management group Exel says it may close its final salary pension scheme
to new staff, despite posting half-year pre-tax profits of £89.3m, an increase
of 15 per cent.
executive John Allan said he was discussing with the pension trustees whether
to move new employees to a defined contributions scheme.
he stressed: "We have no plans to change the provision for existing
has 60,000 staff, with around a third of those based in the UK.