Tip of the final salaryiceberg

John Monks, general secretary of the Trades Union Congress (TUC), was quite right when he argued that the recent closure of final salary schemes by Ernst & Young and Iceland are only the tip of a very large pensions iceberg. Unfortunately for the unions, the law is very much on the side of the employer. As the trend towards closure of final salary pension schemes accelerates, it is important that clients who have relied on the permanency of these valuable benefits understand their rights and options if their employer takes this controversial step. For an industry not noted for its brev...