BMW is planning to stop 5,000 members of staff making fresh contributions into their current final salary pension schemes, much to the chagrin of UK employees, the Daily Telegraph has learned.
The German car company’s intention is for its UK workforce to pay into a defined contribution pension plan.
£5 a month for the first 3 months*
Join our growing community of forward thinking HR leaders and get unlimited access to the full archive, as well as exclusive reports, how-tos, deep dives, and video interviews.
* Billed via Credit/Debit card at £5 a month for the first 3 months, then £27.99 per month.
One time use only. New customers only. Offer expires 11:59AM Wednesday 5th April 2023.
One time use only. New customers only. Offer expires 11:59AM Wednesday 5th April 2023.
