Pension scheme closes at Wolseley

Wednesday 06 March 2013 22:46 GMT

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Wolseley has became the latest company to close its final-salary pension scheme to existing members.

The FTSE 100 plumbing and heating specialist said the scheme would be shut at the end of the year, although any benefits that employees have already built up will be protected. Workers paying into the scheme will be transferred to a less-lucrative defined contribution scheme next year.

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Pension scheme closes at Wolseley

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