Proposed change to defined benefit pension scheme

RNS Number : 5847Q

Wincanton PLC

16 October 2013

 



For immediate release

16 October 2013

Wincanton PLC

('Wincanton' or the 'Group')

Proposed change to defined benefit pension scheme

Wincanton, a leading provider of supply chain solutions in the UK & Ireland, today announces that it will enter into consultation with employees who are members of the Wincanton Defined Benefit pension scheme (The Scheme) over the proposed closure of The Scheme to future accrual.  Going forward, current active members of The Scheme (approximately 7.5% of Wincanton's total workforce) will be offered alternative pension provision within the Group's range of defined contribution pension arrangements.

Subject to consultation with affected employees and their recognised representatives, Wincanton expects the proposed change to take effect from 1 April 2014. Pension benefits built up to the proposed date of closure will be preserved.

Ends

For further information please contact:

Wincanton plc
Adrian Colman, Group Finance Director	01249 710 000
Buchanan
Jeremy Garcia / Gabriella Clinkard	020 7466 5000

 

END

 

 

MSCNKPDQPBDDKKD