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Latest News

Scottish Widows to launch new pension scheme for joiners

by Personnel Today 18 Oct 2002
by Personnel Today 18 Oct 2002

Scottish
Widows yesterday announced plans to close its final salary pension scheme to
new members.

The
insurer said the move would bring it in line with other parts of the Lloyds TSB
group – which bought the company two years ago.

A
switch to a money purchase scheme will take effect from January 2003.

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Scottish
Widows said new staff would find their pension offered generous benefits and
greater flexibility to top up their pension payments.

By Quentin Reade

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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