Arconic wanted to harmonise their pension provision across the UK business with an offer of enhanced DC scale plus transitional contributions for DB members. Around 320 DB employees and 650 DC employees were affected by the proposed changes. Unions were heavily involved and an employee consultative forum (ECF) was set up for the consultation.
The Impact team created all communication materials for the consultation, including:
We also provided support with managing the email inbox, responding to member queries and any Union or ECF feedback.
After a challenging consultation process, Arconic’s proposals were accepted and implemented – two of their UK pension schemes were successfully closed with a few additional enhancements for affected members.
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