The principal aim for soft drinks company Britvic following A-Day has been to preserve members' pension entitlement and position.One way was by allowing all employees who could withdraw more than a 25% tax-free lump sum to continue to do so after A-day.

Michael Mountford, head of compensations and benefits, explains: "For anybody who was in the situation whereby they could withdraw more than 25%, we have framed their position and preserved their expectations."

Britvic is also dealing with the removal of the earnings cap by introducing its own, using HM Revenue and Customs' published cap as a guide to ensure that pension contributions for high earners do not escalate.