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'FT' Owner Nikkei Accused Of Breaking 'Equivalent' Pension Promise

Financial Times journalists have accused new owner Nikkei of breaking promises and seeking to take GBP5m a year out of staff pension schemes. The Japanese publisher is proposing to close the current final salary pension scheme to existing members, switching them instead over to a defined contribution scheme. Staff believe the move will slash pension entitlement for the 240 staff in the final salary scheme, which awards members a guaranteed proportion of their final salary on retirement. 

Read the whole story at Press Gazette »

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