Premier Foods closes DB pension

Premier Foods has closed its defined benefit (DB) pension scheme to future accrual.

The closure, which was disclosed in the food manufacturer’s Interim management statement for the three months ending 30 September 2013, took place at the end of September to enable to organisation to better control its pension costs.

The 3,800 members of the scheme will now be able to participate in the organisation’s group personal pension (GPP) plan.