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Royal Dutch Shell signalled the end of an era for the UK pensions industry by announcing plans to close its final-salary pension scheme to new members, making it the last FTSE 100 company to do so. The Anglo-Dutch oil group said it planned to close the pension scheme next year in order to “reflect market trends in the UK”. Existing members of the fund will be unaffected – as will all new employees at the group who join before the scheme is closed. Shell is the only constituent of the FTSE 100 that currently operates a final-salary scheme open to… continue reading