Marks & Spencer Launches Pension Scheme

Marks & Spencer has unveiled a new staff retirement plan,Financial Newsreports. The launch comes prior to the government’s pension reforms being implemented next year, whereby U.K. employers will be obliged to enroll their staff into a plan.

The U.K. retailer’s new scheme will be managed by insurance firmLegal & General. Under the company’s new structure, staff will contribute either 3% or 6% of their salary to the scheme.

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