Aviva Puts Brakes On Final-Salary Pensions

The ScotsmanApril 21, 2010

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Summary


INSURANCE giant Aviva is to close its final-salary pension scheme next year after claiming that it is no longer sustainable.

The group yesterday announced plans to close its final-salary pension to both new and existing members in a move that will affect some 7,600 employees at Aviva and subsidiary, the RAC.

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Extract


Aviva Puts Brakes On Final-Salary Pensions

Aviva is just the latest in a long line of large employers to close their final-salary schemes, following...

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