Shell ends final salary pension scheme

Shell, the Dutch oil and gas company which is listed in London, is to close its final salary pension scheme, the last FTSE 100 company to do so.

Shell, the Dutch oil and gas company which is listed in London, is to close its final salary pension scheme, the last FTSE 100 company to do so.

The news means new hires from 2013 will no longer be able to count on the exact amount they will receive from the pension pot when they retire.

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