Financial advisory group Towry is winding up the trust-based defined contribution (DC) pension plan of Edward Jones, which it acquired last November.
It will offer the firm’s 250 staff the option of joining Towry’s group personal pension (GPP) plan, run by Zurich, or group self-invested personal pension (Sipp).
Towry has also increased contributions to its scheme after reducing them for 12 months in February 2009.
The plan now has a core contribution of 3%, as well as matching staff contributions.
For more articles on pensions
Tynan Barton is a business journalist and has been writing in the employee benefits and HR field for over 15 years. She joined Employee Benefits in 2010 as reporter, and has been features editor since 2011.View full profile
