According to pensions news today, Barclays pension plans may be rethought. Barclays had intended to close their final salary pension scheme to existing members. Staff at the bank campaigned the decision at a shareholder meeting, alongside the union Unite.
Barclays were making the pensions change to try and plug a multi-billion pension deficit. Unite also plan to ballot members on industrial action. The campaign was reportedly successful, with chief executive Marcus Agius confirming that there would be enhancements to the current pension scheme .
Barclays has 18,000 employees, and were seeking to shift their workforce to a cheaper retirement plan. Barclays is one of many major companies seeking to close their final salary pension schemes .
Barclays pension plans rethought
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Barclays pension plans rethought
Fri, 07 Aug 2009
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