The £3.9bn sale of Costa Coffee to Coca-Cola could hit baristas’ retirement savings. The Pensions Regulator has been warned that thousands of low-paid staff at Costa owner Whitbread have lost out on hundreds of pounds in tax breaks because of the type of pension they are enrolled in. Henry Tapper, a director of pension firm First Actuarial, believes that once Coca-Cola takes over Costa’s scheme, workers will have their losses locked in, leaving them unable to claim them back. He believes the company and its pension trustees could face a class action by workers when they realise they have been deprived of tax breaks. Tapper said: “At the moment, the cost of restitution for these workers is quite small.

Source: The Times November 18, 2018 00:15 UTC