Asda closes final salary pension scheme
Asda, the British arm of US retailer Wal-Mart, is closing its final salary pension scheme as it seeks to tackle a soaring deficit, in a move affecting around 4,000 of its staff, it said on Friday.
Costain is set to close its final salary pension scheme after the deficit climbed from £39.6m as at 31 December 2008 to £75.7m as at 30 June 2009.