WH Smith closes scheme to new accruals


Despite undertaking a comprehensive programme of liability-driven investment (LDI) in 2005, the two de-merged sections of retailer, WH Smith, have closed their final salary schemes to existing members - the fourth such action by a major UK company.

WH Smith cited the unpredictable nature of future investment returns, increases in future accruals and a potential for improved longevity as adding too much uncertainty to its respective pensions funds - WH Smith, the retailer, and Smith news, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: