Around the Net
'FT' Owner Nikkei Accused Of Breaking 'Equivalent' Pension Promise
- Press Gazette, Tuesday, October 13, 2015 6:23 AM
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.
