Woolworths PLC, London, hired Hewitt Bacon & Woodrow as investment adviser to its £136 million Woolworth Group Pension Scheme defined benefit plan and its Woolworths Group Retirement Trust defined contribution plan, said Johnathan Davies, head of group reward. Both plans were formed in April 2002 when Woolworths spun off from the Kingfisher PLC Group. Funds were transferred to the new plans in December, said Mr. Davies. Watson Wyatt remains actuary to the two plans. Further details were not available by press time; officials at Hewitt B&W did not return calls seeking comment.
Woolworths PLC , London, hired Hewitt Bacon & Woodrow as investment...
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