UK: Britvic silent on pension saving
The Britvic pension plan has both a defined benefit and a defined contribution section
Britvic has remained silent on the savings it will make on the closure of future accruals to its UK defined-benefit pension scheme.
A Financial News report said today (13 June) that the closure will save Britvic GBP13.8m (US$22.5m). However, the company declined to comment when contacted by just-drinks.
In December 2010, Britvic announced that it would begin a consultation with UK employees over the closure of the defined-benefit section of the Britvic Pension Plan (BPP) to future accrual for active members.
The defined-benefit section of the BPP has been closed to new members since 1 August 2002. All staff employed since then have been eligible to join the defined-contribution section only.
- Focus - Pernod's YTD Performance by Region
- just On Call - Pernod shifts Scotch focus in China
- Diet Coke "a work in progress" in US - Coca-Cola
- Why Didn't Diageo Act Sooner on Mallya?
- Heineken seeks "clarity" in Indonesia
- Pernod Ricard unveils new Absolut bottle
- Diageo's United Spirits calls on Mallya to quit
- CFO of Diageo's United Spirits stands down
- Beam Suntory to strip down regional units
- Pernod Ricard sees YTD recover as sales increase
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- ALDI 2015: Radically transforming Anglo Saxon grocery markets