I understand why Shell UK plans to close its final salary pension scheme to new recruits, but I hate the justification. The company told the FT that the decision “reflects market trends in the UK”. That’s precisely the sort of reasoning that you hear from companies and their bosses when they wish to award their chief executive a hefty pay increase. Read more
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.