Wincanton to close defined benefits pension scheme

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Wincanton, is to launch a consultation with employees who are members of the Wincanton Defined Benefit pension scheme over the proposed closure of the scheme to future accrual.

It said that current active members of the scheme, about 7.5 per cent of its workforce, would be offered defined contribution pension arrangements.

Pension benefits built up to the proposed date of closure will be preserved.

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