Tesco's FD defines the benefits of its career-average pension scheme.
| Position | RETIREMENT PLANNING - Andrew Higginson |
Retail giant Tesco has pledged to set a best-practice example in response to the debate on tackling the UK's pensions crisis.
Speaking at a recent CIMA lecture, Andrew Higginson FCMA, finance and strategy director at Tesco, said that his company was committed to achieving long-term financial stability for its work force. Unlike many businesses that had resorted to money-purchase schemes, Tesco had formulated a defined-benefit pension based on individuals' average salary over their careers...
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