Broadcaster ITV is to close its final salary pension scheme to existing members, according to newspaper reports.
The move, designed to ease ITV’s £325m pension deficit, would affect about a quarter of the firm’s 6,000 staff.
The report of the plan comes days after ITV received a tentative merger approach from cable operator NTL.
Cutting its pensions liability would make ITV more attractive to potential buyers, analysts predict.
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Under new plans, an estimated 1,500 existing staff would be paid a pension based on their career average earnings, rather than a proportion of their final salary, reports The Daily Telegraph.
Any proposals to change the scheme are likely to provoke anger among broadcasting unions.
