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Aviva to close final salary scheme

21 April 2010

Aviva, one of the UK's largest pensions provider has announced plans to close its final salary pension scheme which will affect almost 8,000 employees.

Aviva said it will begin consultation with staff in June about closing the scheme to all existing members in April 2011, having closed the scheme to new entrants nine years ago.

Mark Hodges, Aviva's UK chief executive, said the move would enable the company to protect the final salary pension benefits that employees have already built up.

Bernadette Fisher, Unite office for Aviva, called for "meaningful talks" with the insurer.

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