Barclays is considering enhancing its pension fund following a furious reaction from staff about the decision to close the final-salary scheme to plug a £3.5bn gap.
The chairman, Marcus Agius, told a shareholder meeting today that possible changes might be made as the bank entered the final week of a two-month consultation over the controversial plans for the fund. Shareholders walked past noisy protesters from the union Unite, which will soon ballot members on industrial action. Agius responded to a question from a shareholder by admitting that the bank was looking at "what enhancements we can make" to the offer being made to members of the final-salary scheme. Another shareholder suggested putting directors' bonuses into the fund instead. Full ...
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