Sainsbury's appoints new head of pensions


UK supermarket chain, Sainsbury's, has appointed Stuart Stephen as head of pensions from his present position as director of pensions for Barclays Bank. Stephen will join Sainsbury's in October, just over a year after the previous head, Geoff Pearson, left the retailer.

Prior to working at Barclays, Stephen held positions at Coats Viyella, Scottish Power and Mercer Consulting and his appointment follows moves by the supermarket chain to overhaul its pension scheme. Earlier this year, the 23,000

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