In Reply to: Re: Rentokil to close final salary plan posted by Brian Marks on 22 December 2005 at 13:40:43:
A comment in the FT yesterday says that about 50% of FTSE100 companies have a problem if they want to copy Rentokil, because their trustees have the power to force wind up if the pension scheme terms are changed significantly. And wind up means the employer could be forced to plug immediately any deficit in the scheme, so is an unappealing prospect for many.
Anyone got an idea of whether this applies in the case of C-plan? Ie does the IBM trustee have this power?
Many thanks
Maurice